Tanalys

USD/CAD Intraday: intraday support around 1.159.

Pivot: 1.159

Our preference: Long positions above 1.159 with targets @ 1.167 1.1705 in extension.

Alternative scenario: Below 1.159 look for further downside with 1.156 1.1515 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1.175 *

1.1705 **

1.167 **

1.16 Last

1.159 ***

1.156 **

1.1515 **

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