USD/CAD may fall 20 - 40 pips

Pivot

1.3710

Our preference

Short positions below 1.3710 with targets at 1.3660 & 1.3640 in extension.

Alternative scenario

Above 1.3710 look for further upside with 1.3735 & 1.3750 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.3750

1.3735

1.3710

1.3680 Last

1.3660

1.3640

1.3620

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