USD/CAD may fall 24 - 49 pips

Pivot

1.3660

Our preference

Short positions below 1.3660 with targets at 1.3610 & 1.3585 in extension.

Alternative scenario

Above 1.3660 look for further upside with 1.3675 & 1.3690 as targets.

Comment

The break below 1.3660 is a negative signal that has opened a path to 1.3610.

Supports and resistances

1.3690

1.3675

1.3660

1.3634 Last

1.3610

1.3585

1.3550

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