USD/CAD may fall 26 - 41 pips

Pivot

1.3610

Our preference

Short positions below 1.3610 with targets at 1.3550 & 1.3535 in extension.

Alternative scenario

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

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.3640

1.3625

1.3610

1.3576 Last

1.3550

1.3535

1.3500

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