USD/CAD may fall 14 - 29 pips

Pivot

1.3750

Our preference

Short positions below 1.3750 with targets at 1.3730 & 1.3715 in extension.

Alternative scenario

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

Comment

The upward potential is likely to be limited by the resistance at 1.3750.

Supports and resistances

1.3780

1.3765

1.3750

1.3744 Last

1.3730

1.3715

1.3700

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