USD/CAD may fall 10 - 30 pips

Pivot

1.3530

Our preference

Short positions below 1.3530 with targets at 1.3490 & 1.3470 in extension.

Alternative scenario

Above 1.3530 look for further upside with 1.3550 & 1.3570 as targets.

Comment

As long as 1.3530 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3570

1.3550

1.3530

1.3500 Last

1.3490

1.3470

1.3450

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