Tanalys

USD/CAD Intraday: rebound expected.

Pivot: 1.1185

Our preference: Long positions above 1.1185 with targets @ 1.129 1.132 in extension.

Alternative scenario: Below 1.1185 look for further downside with 1.112 1.108 as targets.

Comment: The RSI has just landed on a support around 30% and is reversing up.

Supports and resistances:

1.136

1.132

1.129

1.123 Last

1.1185

1.112

1.108

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