USD/CAD may fall 20 - 40 pips

Pivot

1.3690

Our preference

Short positions below 1.3690 with targets at 1.3650 & 1.3630 in extension.

Alternative scenario

Above 1.3690 look for further upside with 1.3705 & 1.3720 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

1.3720

1.3705

1.3690

1.3670 Last

1.3650

1.3630

1.3610

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