USD/CAD may fall 15 - 45 pips

Pivot

1.3675

Our preference

Short positions below 1.3675 with targets at 1.3640 & 1.3610 in extension.

Alternative scenario

Above 1.3675 look for further upside with 1.3690 & 1.3710 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.3710

1.3690

1.3675

1.3655 Last

1.3640

1.3610

1.3585

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