USDCAD Daily Chart : Upside Prevails

Pivot: 1.3400

Preference: long positions above 1.3400 with targets at 1.3800 & 1.3955 in extension.

Alternative scenario: below 1.3400 look for further downside with 1.3200 & 1.3000 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1.4100 **
1.3955 **
1.3800 ***
1.3537 Last
1.3400 ***
1.3200 ***
1.3000 ***