USD/CAD may fall 24 - 39 pips

Pivot

1.3590

Our preference

Short positions below 1.3590 with targets at 1.3560 & 1.3545 in extension.

Alternative scenario

Above 1.3590 look for further upside with 1.3605 & 1.3620 as targets.

Comment

As long as the resistance at 1.3590 is not surpassed, the risk of the break below 1.3560 remains high.

Supports and resistances

1.3620

1.3605

1.3590

1.3584 Last

1.3560

1.3545

1.3430

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