USD/CAD may fall 24 - 49 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

The RSI advocates for further decline.

Supports and resistances

1.3855

1.3835

1.3810

1.3779 Last

1.3755

1.3730

1.3700

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