USD/CAD may fall 18 - 38 pips

Pivot

1.3730

Our preference

Short positions below 1.3730 with targets at 1.3690 & 1.3670 in extension.

Alternative scenario

Above 1.3730 look for further upside with 1.3750 & 1.3765 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.3765

1.3750

1.3730

1.3708 Last

1.3690

1.3670

1.3655

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