USD/CAD may fall 21 - 36 pips

Pivot

1.3485

Our preference

Short positions below 1.3485 with targets at 1.3440 & 1.3425 in extension.

Alternative scenario

Above 1.3485 look for further upside with 1.3500 & 1.3515 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

1.3515

1.3500

1.3485

1.3461 Last

1.3440

1.3425

1.3410

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