USD/CAD may fall 17 - 37 pips

Pivot

1.3500

Our preference

Short positions below 1.3500 with targets at 1.3460 & 1.3440 in extension.

Alternative scenario

Above 1.3500 look for further upside with 1.3520 & 1.3540 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.3540

1.3520

1.3500

1.3477 Last

1.3460

1.3440

1.3420

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