USD/CAD may fall 21 - 41 pips

Pivot

1.3695

Our preference

Short positions below 1.3695 with targets at 1.3650 & 1.3630 in extension.

Alternative scenario

Above 1.3695 look for further upside with 1.3715 & 1.3735 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

1.3735

1.3715

1.3695

1.3671 Last

1.3650

1.3630

1.3600

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