USD/CAD may fall 26 - 41 pips

Pivot

1.3750

Our preference

Short positions below 1.3750 with targets at 1.3715 & 1.3700 in extension.

Alternative scenario

Above 1.3750 look for further upside with 1.3765 & 1.3780 as targets.

Comment

As long as 1.3750 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3780

1.3765

1.3750

1.3741 Last

1.3715

1.3700

1.3685

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