Source: PaxForex Premium Analytics Portal, Technical Insight

U.S.: June ISM manufacturing index is consistent with a slower pace of activity - Wells Fargo.

USD/CAD,D1

Pivot: 1.2881

Analysis:

While the price is above 1.2870, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.2881
• Take Profit 1: 1.3050
• Take Profit 2: 1.3250

Alternative scenario:

If the level 1.2870 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2870
• Take Profit 1: 1.2790
• Take Profit 2: 1.2680

Comment:

RSI shows the possibility of an uptrend in the medium term.

Key levels: