USD/CAD may fall 20 - 40 pips

Pivot

1.3705

Our preference

Short positions below 1.3705 with targets at 1.3660 & 1.3640 in extension.

Alternative scenario

Above 1.3705 look for further upside with 1.3730 & 1.3750 as targets.

Comment

As long as the resistance at 1.3705 is not surpassed, the risk of the break below 1.3660 remains high.

Supports and resistances

1.3750

1.3730

1.3705

1.3680 Last

1.3660

1.3640

1.3610

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