USD/CAD may fall 22 - 37 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

As long as the resistance at 1.3830 is not surpassed, the risk of the break below 1.3785 remains high.

Supports and resistances

1.3865

1.3850

1.3830

1.3807 Last

1.3785

1.3770

1.3755

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