USD/CAD may fall 15 - 30 pips

Pivot

1.3640

Our preference

Short positions below 1.3640 with targets at 1.3600 & 1.3585 in extension.

Alternative scenario

Above 1.3640 look for further upside with 1.3655 & 1.3670 as targets.

Comment

As long as the resistance at 1.3640 is not surpassed, the risk of the break below 1.3600 remains high.

Supports and resistances

1.3670

1.3655

1.3640

1.3615 Last

1.3600

1.3585

1.3570

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