USD/CAD may fall to 1.3360 - 1.3440

Pivot

1.3740

Our preference

Short positions below 1.3740 with targets at 1.3440 & 1.3360 in extension.

Alternative scenario

Above 1.3740 look for further upside with 1.3786 & 1.3900 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

1.3900 **

1.3786 ***

1.3740 ***

1.3600 Last

1.3440 ***

1.3360 ***

1.3285 ***

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