USD/CAD may fall 37 - 57 pips

Pivot

1.3645

Our preference

Short positions below 1.3645 with targets at 1.3560 & 1.3540 in extension.

Alternative scenario

Above 1.3645 look for further upside with 1.3670 & 1.3695 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

1.3695

1.3670

1.3645

1.3597 Last

1.3560

1.3540

1.3520

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