USD/CAD may fall 17 - 32 pips

Pivot

1.3830

Our preference

Short positions below 1.3830 with targets at 1.3795 & 1.3780 in extension.

Alternative scenario

Above 1.3830 look for further upside with 1.3845 & 1.3860 as targets.

Comment

As long as the resistance at 1.3830 is not surpassed, the risk of the break below 1.3795 remains high.

Supports and resistances

1.3860

1.3845

1.3830

1.3812 Last

1.3795

1.3780

1.3765

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