USD/CAD may fall 20 - 40 pips

Pivot

1.3700

Our preference

Short positions below 1.3700 with targets at 1.3650 & 1.3630 in extension.

Alternative scenario

Above 1.3700 look for further upside with 1.3715 & 1.3735 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.3735

1.3715

1.3700

1.3670 Last

1.3650

1.3630

1.3600

Number of asterisks represents the strength of support and resistance levels.