USD/CAD may fall 29 - 44 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 1.3830 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3860

1.3845

1.3830

1.3824 Last

1.3795

1.3780

1.3765

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