USD/CAD may fall 15 - 35 pips

Pivot

1.3840

Our preference

Short positions below 1.3840 with targets at 1.3800 & 1.3780 in extension.

Alternative scenario

Above 1.3840 look for further upside with 1.3870 & 1.3900 as targets.

Comment

As long as 1.3840 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3900

1.3870

1.3840

1.3815 Last

1.3800

1.3780

1.3760

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