Tanalys

USD/CAD ST: bullish bias above 1.28.

Pivot: 1.28

Our preference: Long positions above 1.28 with targets @ 1.345 1.4 in extension.

Alternative scenario: Below 1.28 look for further downside with 1.256 1.24 as targets.

Comment: The break above 1.28 is a positive signal that has opened a path to 1.345.

Supports and resistances:

1.432 ***

1.4 *

1.345 **

1.3224 Last

1.28 ***

1.256 **

1.24 **

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