USD/CAD may fall 16 - 36 pips

Pivot

1.3685

Our preference

Short positions below 1.3685 with targets at 1.3650 & 1.3630 in extension.

Alternative scenario

Above 1.3685 look for further upside with 1.3705 & 1.3720 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.3720

1.3705

1.3685

1.3666 Last

1.3650

1.3630

1.3610

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