USD/CAD may fall 43 - 63 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

As long as 1.3695 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3735

1.3710

1.3695

1.3683 Last

1.3640

1.3620

1.3590

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