Tanalys

USD/CAD intraday: rebound in sight.

Pivot: 1.0045

Our preference: Long positions above 1.0045 with targets @ 1.01 1.0125 in extension.

Alternative scenario: Below 1.0045 look for further downside with 1.0015 0.9995 as targets.

Comment: the pair has broken above its bearish channel resistance.

Key levels

1.015

1.0125

1.01

1.0079 last

1.0045

1.0015

0.9995

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