USD/CAD may fall 19 - 29 pips

Pivot

1.3690

Our preference

Short positions below 1.3690 with targets at 1.3650 & 1.3640 in extension.

Alternative scenario

Above 1.3690 look for further upside with 1.3710 & 1.3735 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.3735

1.3710

1.3690

1.3669 Last

1.3650

1.3640

1.3630

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