USD/CAD may fall 34 - 54 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 is bearish and calls for further decline.

Supports and resistances

1.3790

1.3775

1.3760

1.3734 Last

1.3700

1.3680

1.3660

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