USD/CAD may fall 36 - 56 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

As long as 1.3760 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3790

1.3775

1.3760

1.3736 Last

1.3700

1.3680

1.3660

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