USD/CAD may fall 17 - 37 pips

Pivot

1.3645

Our preference

Short positions below 1.3645 with targets at 1.3610 & 1.3590 in extension.

Alternative scenario

Above 1.3645 look for further upside with 1.3660 & 1.3675 as targets.

Comment

As long as 1.3645 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3675

1.3660

1.3645

1.3627 Last

1.3610

1.3590

1.3570

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