USD/CAD may fall 29 - 44 pips

Pivot

1.3885

Our preference

Short positions below 1.3885 with targets at 1.3830 & 1.3815 in extension.

Alternative scenario

Above 1.3885 look for further upside with 1.3915 & 1.3945 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.3945

1.3915

1.3885

1.3859 Last

1.3830

1.3815

1.3790

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