USD/CAD may fall 16 - 36 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 advocates for further decline.

Supports and resistances

1.3765

1.3750

1.3730

1.3706 Last

1.3690

1.3670

1.3655

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