USD/CAD may fall 26 - 46 pips

Pivot

1.3735

Our preference

Short positions below 1.3735 with targets at 1.3690 & 1.3670 in extension.

Alternative scenario

Above 1.3735 look for further upside with 1.3750 & 1.3765 as targets.

Comment

As long as 1.3735 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3765

1.3750

1.3735

1.3716 Last

1.3690

1.3670

1.3655

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