Tanalys

USD/CAD ST: rebound.

Pivot: 1.1915

Our preference: Long positions above 1.1915 with targets @ 1.283 1.308 in extension.

Alternative scenario: Below 1.1915 look for further downside with 1.168 1.13 as targets.

Comment: The pair is rebounding and is breaking above its resistance.

Supports and resistances:

1.34 **

1.308 ***

1.283 ***

1.2440 Last

1.1915 ***

1.168 **

1.13 ***

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