USD/CAD may fall 37 - 57 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

As long as 1.3695 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3735

1.3715

1.3695

1.3687 Last

1.3650

1.3630

1.3600

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