USD/CAD may fall 30 - 50 pips

Pivot

1.3605

Our preference

Short positions below 1.3605 with targets at 1.3565 & 1.3545 in extension.

Alternative scenario

Above 1.3605 look for further upside with 1.3620 & 1.3635 as targets.

Comment

As long as 1.3605 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3635

1.3620

1.3605

1.3595 Last

1.3565

1.3545

1.3525

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