USD/CAD may fall 33 - 53 pips

Pivot

1.3810

Our preference

Short positions below 1.3810 with targets at 1.3750 & 1.3730 in extension.

Alternative scenario

Above 1.3810 look for further upside with 1.3835 & 1.3855 as targets.

Comment

As long as 1.3810 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3855

1.3835

1.3810

1.3783 Last

1.3750

1.3730

1.3710

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