USD/CAD may fall 28 - 48 pips

Pivot

1.3865

Our preference

Short positions below 1.3865 with targets at 1.3815 & 1.3795 in extension.

Alternative scenario

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

Comment

The RSI calls for a slump.

Supports and resistances

1.3900

1.3880

1.3865

1.3843 Last

1.3815

1.3795

1.3775

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