Tanalys

USD/CAD ST: the upside prevails.

Pivot: 1.11

Our preference: Long positions above 1.11 with targets @ 1.1675 1.198 in extension.

Alternative scenario: Below 1.11 look for further downside with 1.08 1.0615 as targets.

Comment: The pair has validated a bullish flag and remains on the upside.

Supports and resistances:

1.22 **

1.198 ***

1.1675 ***

1.1644 Last

1.11 ***

1.08 ***

1.0615 ***

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