USD/CAD may fall 29 - 54 pips

Pivot

1.3810

Our preference

Short positions below 1.3810 with targets at 1.3755 & 1.3730 in extension.

Alternative scenario

Above 1.3810 look for further upside with 1.3835 & 1.3855 as targets.

Comment

As long as the resistance at 1.3810 is not surpassed, the risk of the break below 1.3755 remains high.

Supports and resistances

1.3855

1.3835

1.3810

1.3784 Last

1.3755

1.3730

1.3700

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