USD/CAD may fall 30 - 50 pips

Pivot

1.3760

Our preference

Short positions below 1.3760 with targets at 1.3700 & 1.3680 in extension.

Alternative scenario

Above 1.3760 look for further upside with 1.3775 & 1.3790 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.3790

1.3775

1.3760

1.3730 Last

1.3700

1.3680

1.3660

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