USD/CAD may fall 20 - 50 pips

Pivot

1.3640

Our preference

Short positions below 1.3640 with targets at 1.3580 & 1.3550 in extension.

Alternative scenario

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

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.3685

1.3660

1.3640

1.3600 Last

1.3580

1.3550

1.3545

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