USD/CAD may fall 25 - 40 pips

Pivot

1.3600

Our preference

Short positions below 1.3600 with targets at 1.3550 & 1.3535 in extension.

Alternative scenario

Above 1.3600 look for further upside with 1.3620 & 1.3635 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

1.3635

1.3620

1.3600

1.3575 Last

1.3550

1.3535

1.3520

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