USD/CAD may fall 26 - 41 pips

Pivot

1.3630

Our preference

Short positions below 1.3630 with targets at 1.3585 & 1.3570 in extension.

Alternative scenario

Above 1.3630 look for further upside with 1.3640 & 1.3650 as targets.

Comment

As long as 1.3630 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3650

1.3640

1.3630

1.3611 Last

1.3585

1.3570

1.3550

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