USD/CAD may fall 25 - 45 pips

Pivot

1.3695

Our preference

Short positions below 1.3695 with targets at 1.3640 & 1.3620 in extension.

Alternative scenario

Above 1.3695 look for further upside with 1.3710 & 1.3735 as targets.

Comment

The break below 1.3695 is a negative signal that has opened a path to 1.3640.

Supports and resistances

1.3735

1.3710

1.3695

1.3665 Last

1.3640

1.3620

1.3600

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