USD/CAD may fall 27 - 47 pips

Pivot

1.3640

Our preference

Short positions below 1.3640 with targets at 1.3590 & 1.3570 in extension.

Alternative scenario

Above 1.3640 look for further upside with 1.3655 & 1.3670 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

1.3670

1.3655

1.3640

1.3617 Last

1.3590

1.3570

1.3550

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