USD/CAD may fall 21 - 41 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

A break below 1.3430 would trigger a drop towards 1.3410.

Supports and resistances

1.3510

1.3490

1.3470

1.3451 Last

1.3430

1.3410

1.3390

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