USD/CAD Intraday: consolidation.

Pivot: 1.3630

Our preference: long positions above 1.3630 with targets at 1.3720 & 1.3750 in extension.

Alternative scenario: below 1.3630 look for further downside with 1.3600 & 1.3570 as targets.

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

Supports and resistances:

1.3780

1.3750

1.3720

1.3657 Last

1.3630

1.3600

1.3570