Source: PaxForex Premium Analytics Portal, Technical Insight

USD/CAD trades with modest losses, hold above mid-1.3700s amid softer Oil prices.

Pivot: 1.3750

Analysis:

While the price is above 1.3600, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3750
• Take Profit 1: 1.3900
• Take Profit 2: 1.4000

Alternative scenario:

If level 1.3600 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3600
• Take Profit 1: 1.3500
• Take Profit 2: 1.3400

Comment:

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

Key levels: