USD/CAD may fall 22 - 57 pips

Pivot

1.3640

Our preference

Short positions below 1.3640 with targets at 1.3585 & 1.3550 in extension.

Alternative scenario

Above 1.3640 look for further upside with 1.3660 & 1.3685 as targets.

Comment

The break below 1.3640 is a negative signal that has opened a path to 1.3585.

Supports and resistances

1.3685

1.3660

1.3640

1.3607 Last

1.3585

1.3550

1.3500

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