USD/CAD may fall 12 - 32 pips

Pivot

1.3865

Our preference

Short positions below 1.3865 with targets at 1.3835 & 1.3815 in extension.

Alternative scenario

Above 1.3865 look for further upside with 1.3880 & 1.3900 as targets.

Comment

As long as 1.3865 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3900

1.3880

1.3865

1.3847 Last

1.3835

1.3815

1.3795

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