USD/CAD may fall 19 - 39 pips

Pivot

1.3730

Our preference

Short positions below 1.3730 with targets at 1.3700 & 1.3680 in extension.

Alternative scenario

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

Comment

As long as 1.3730 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3765

1.3750

1.3730

1.3719 Last

1.3700

1.3680

1.3655

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