Tanalys

USD/CAD Intraday: key resistance at 1.391.

Pivot: 1.391

Our preference: short positions below 1.391 with targets @ 1.377 1.374 in extension.

Alternative scenario: above 1.391 look for further upside with 1.395 1.4 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

1.4 **

1.395 **

1.391 ***

1.3838 Last

1.377 **

1.374 **

1.3695 **

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