USD/CAD may fall 15 - 35 pips

Pivot

1.3635

Our preference

Short positions below 1.3635 with targets at 1.3590 & 1.3570 in extension.

Alternative scenario

Above 1.3635 look for further upside with 1.3660 & 1.3680 as targets.

Comment

As long as 1.3635 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3680

1.3660

1.3635

1.3605 Last

1.3590

1.3570

1.3550

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