USD/CAD may fall 21 - 36 pips

Pivot

1.3830

Our preference

Short positions below 1.3830 with targets at 1.3785 & 1.3770 in extension.

Alternative scenario

Above 1.3830 look for further upside with 1.3850 & 1.3865 as targets.

Comment

A break below 1.3785 would trigger a drop towards 1.3770.

Supports and resistances

1.3865

1.3850

1.3830

1.3806 Last

1.3785

1.3770

1.3755

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