USD/CAD may fall 23 - 38 pips

Pivot

1.3590

Our preference

Short positions below 1.3590 with targets at 1.3550 & 1.3535 in extension.

Alternative scenario

Above 1.3590 look for further upside with 1.3615 & 1.3630 as targets.

Comment

As long as 1.3590 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3630

1.3615

1.3590

1.3573 Last

1.3550

1.3535

1.3520

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