USD/CAD may fall 11 - 41 pips

Pivot

1.3790

Our preference

Short positions below 1.3790 with targets at 1.3730 & 1.3700 in extension.

Alternative scenario

Above 1.3790 look for further upside with 1.3820 & 1.3855 as targets.

Comment

The break below the support at 1.3790 triggered a downward acceleration to 1.3700.

Supports and resistances

1.3855

1.3820

1.3790

1.3741 Last

1.3730

1.3700

1.3670

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