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 below its neutrality area at 50%

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.