USD/CAD may fall 12 - 27 pips

Pivot

1.3780

Our preference

Short positions below 1.3780 with targets at 1.3745 & 1.3730 in extension.

Alternative scenario

Above 1.3780 look for further upside with 1.3800 & 1.3825 as targets.

Comment

A break below 1.3745 would trigger a drop towards 1.3730.

Supports and resistances

1.3825

1.3800

1.3780

1.3757 Last

1.3745

1.3730

1.3710

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