USD/CAD may fall 31 - 46 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 lacks momentum.

Supports and resistances

1.3515

1.3500

1.3485

1.3471 Last

1.3440

1.3425

1.3410

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