USD/CAD may fall 18 - 38 pips

Pivot

1.3765

Our preference

Short positions below 1.3765 with targets at 1.3720 & 1.3700 in extension.

Alternative scenario

Above 1.3765 look for further upside with 1.3790 & 1.3810 as targets.

Comment

As long as the resistance at 1.3765 is not surpassed, the risk of the break below 1.3720 remains high.

Supports and resistances

1.3810

1.3790

1.3765

1.3738 Last

1.3720

1.3700

1.3680

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