USD/CAD may fall 23 - 38 pips

Pivot

1.3745

Our preference

Short positions below 1.3745 with targets at 1.3715 & 1.3700 in extension.

Alternative scenario

Above 1.3745 look for further upside with 1.3765 & 1.3780 as targets.

Comment

As long as the resistance at 1.3745 is not surpassed, the risk of the break below 1.3715 remains high.

Supports and resistances

1.3780

1.3765

1.3745

1.3738 Last

1.3715

1.3700

1.3685

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