Tanalys

USD/CAD MT: rebound expected.

Pivot: 1.07

Our preference: Long positions above 1.07 with targets @ 1.105 1.128 in extension.

Alternative scenario: Below 1.07 look for further downside with 1.044 1.0175 as targets.

Comment: The RSI broke above a bearish trend line.

Supports and resistances:

1.146

1.128

1.105

1.0908 Last

1.07

1.044

1.0175

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