USD/CAD may fall 16 - 31 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

The upward potential is likely to be limited by the resistance at 1.3630.

Supports and resistances

1.3660

1.3645

1.3630

1.3621 Last

1.3605

1.3590

1.3570

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