USD/CAD may fall 18 - 38 pips

Pivot

1.3665

Our preference

Short positions below 1.3665 with targets at 1.3615 & 1.3595 in extension.

Alternative scenario

Above 1.3665 look for further upside with 1.3685 & 1.3700 as targets.

Comment

A break below 1.3615 would trigger a drop towards 1.3595.

Supports and resistances

1.3700

1.3685

1.3665

1.3633 Last

1.3615

1.3595

1.3575

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