USD/CAD may fall 19 - 44 pips

Pivot

1.3660

Our preference

Short positions below 1.3660 with targets at 1.3610 & 1.3585 in extension.

Alternative scenario

Above 1.3660 look for further upside with 1.3685 & 1.3710 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

1.3710

1.3685

1.3660

1.3629 Last

1.3610

1.3585

1.3560

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