USD/CAD may rise 54 - 72 pips.

USD/CAD may rise 54 - 72 pips.

Our pivot point is at 1.3591.

Our preference : The upside prevails as long as 1.3591 is support Alternative scenario Below 1.3591, expect 1.3560 and 1.3541.

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 1.3618 and 1.3617).