USD/CAD may fall 6 - 26 pips

Pivot

1.3690

Our preference

Short positions below 1.3690 with targets at 1.3660 & 1.3640 in extension.

Alternative scenario

Above 1.3690 look for further upside with 1.3710 & 1.3730 as targets.

Comment

As long as the resistance at 1.3690 is not surpassed, the risk of the break below 1.3660 remains high.

Supports and resistances

1.3730

1.3710

1.3690

1.3666 Last

1.3660

1.3640

1.3610

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