USD/CAD may fall 16 - 36 pips

Pivot

1.3470

Our preference

Short positions below 1.3470 with targets at 1.3430 & 1.3410 in extension.

Alternative scenario

Above 1.3470 look for further upside with 1.3490 & 1.3510 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

1.3510

1.3490

1.3470

1.3446 Last

1.3430

1.3410

1.3390

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