USD/CAD may fall 24 - 44 pips

Pivot

1.3545

Our preference

Short positions below 1.3545 with targets at 1.3490 & 1.3470 in extension.

Alternative scenario

Above 1.3545 look for further upside with 1.3570 & 1.3590 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.3590

1.3570

1.3545

1.3514 Last

1.3490

1.3470

1.3450

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