USD/CAD may fall 22 - 37 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

The RSI is below its neutrality area at 50%

Supports and resistances

1.3780

1.3765

1.3750

1.3737 Last

1.3715

1.3700

1.3685

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