USD/CAD may fall 36 - 66 pips

Pivot

1.3850

Our preference

Short positions below 1.3850 with targets at 1.3770 & 1.3740 in extension.

Alternative scenario

Above 1.3850 look for further upside with 1.3870 & 1.3890 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.3890

1.3870

1.3850

1.3806 Last

1.3770

1.3740

1.3700

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