USD/CAD may fall 26 - 46 pips

Pivot

1.3750

Our preference

Short positions below 1.3750 with targets at 1.3700 & 1.3680 in extension.

Alternative scenario

Above 1.3750 look for further upside with 1.3765 & 1.3790 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

1.3790

1.3765

1.3750

1.3726 Last

1.3700

1.3680

1.3660

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