USD/CAD may fall 28 - 53 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

As long as the resistance at 1.3660 is not surpassed, the risk of the break below 1.3610 remains high.

Supports and resistances

1.3710

1.3685

1.3660

1.3638 Last

1.3610

1.3585

1.3560

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