USD/CAD may fall 20 - 45 pips

Pivot

1.3665

Our preference

Short positions below 1.3665 with targets at 1.3610 & 1.3585 in extension.

Alternative scenario

Above 1.3665 look for further upside with 1.3685 & 1.3700 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

1.3700

1.3685

1.3665

1.3630 Last

1.3610

1.3585

1.3560

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