USD/CAD may fall 7 - 41 pips

Pivot

1.3610

Our preference

Short positions below 1.3610 with targets at 1.3569 & 1.3535 in extension.

Alternative scenario

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

Comment

As long as the resistance at 1.3610 is not surpassed, the risk of the break below 1.3569 remains high.

Supports and resistances

1.3640

1.3625

1.3610

1.3576 Last

1.3569

1.3535

1.3500

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