USD/CAD may rise 44 - 60 pips.

USD/CAD may rise 44 - 60 pips.

Our pivot point is at 1.3657.

Our preference : The upside prevails as long as 1.3657 is support Alternative scenario Below 1.3657, expect 1.3631 and 1.3615.

Comment : The RSI is above its neutrality area at 50.

The MACD is above its signal line and positive.

The configuration is positive.

Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3659 and 1.3640).