USD/CAD may fall 22 - 42 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 RSI has broken down its 30 level.

Supports and resistances

1.3735

1.3710

1.3695

1.3662 Last

1.3640

1.3620

1.3590

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