USD/CAD Intraday: bullish bias above 1.3705.

Pivot: 1.3705

Our preference: long positions above 1.3705 with targets at 1.3745 & 1.3765 in extension.

Alternative scenario: below 1.3705 look for further downside with 1.3685 & 1.3670 as targets.

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

Supports and resistances:

1.3785

1.3765

1.3745

1.3724 Last

1.3705

1.3685

1.3670