USD/CAD may fall 19 - 34 pips

Pivot

1.3610

Our preference

Short positions below 1.3610 with targets at 1.3565 & 1.3550 in extension.

Alternative scenario

Above 1.3610 look for further upside with 1.3625 & 1.3640 as targets.

Comment

As long as 1.3610 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3640

1.3625

1.3610

1.3584 Last

1.3565

1.3550

1.3535

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