USD/CAD may fall 16 - 36 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

A break below 1.3720 would trigger a drop towards 1.3700.

Supports and resistances

1.3810

1.3790

1.3765

1.3736 Last

1.3720

1.3700

1.3680

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