USD/CAD may fall 20 - 45 pips

Pivot

1.3795

Our preference

Short positions below 1.3795 with targets at 1.3755 & 1.3730 in extension.

Alternative scenario

Above 1.3795 look for further upside with 1.3820 & 1.3855 as targets.

Comment

As long as the resistance at 1.3795 is not surpassed, the risk of the break below 1.3755 remains high.

Supports and resistances

1.3855

1.3820

1.3795

1.3775 Last

1.3755

1.3730

1.3700

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