USD/CAD may fall 16 - 36 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 the resistance at 1.3730 is not surpassed, the risk of the break below 1.3700 remains high.

Supports and resistances

1.3765

1.3750

1.3730

1.3716 Last

1.3700

1.3680

1.3655

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