USD/CAD may fall 27 - 57 pips

Pivot

1.3765

Our preference

Short positions below 1.3765 with targets at 1.3700 & 1.3670 in extension.

Alternative scenario

Above 1.3765 look for further upside with 1.3790 & 1.3820 as targets.

Comment

The break below 1.3765 is a negative signal that has opened a path to 1.3700.

Supports and resistances

1.3820

1.3790

1.3765

1.3727 Last

1.3700

1.3670

1.3655

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