USD/CAD may fall 12 - 27 pips

Pivot

1.3630

Our preference

Short positions below 1.3630 with targets at 1.3605 & 1.3590 in extension.

Alternative scenario

Above 1.3630 look for further upside with 1.3645 & 1.3660 as targets.

Comment

As long as the resistance at 1.3630 is not surpassed, the risk of the break below 1.3605 remains high.

Supports and resistances

1.3660

1.3645

1.3630

1.3617 Last

1.3605

1.3590

1.3570

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