USD/CAD may fall 21 - 41 pips

Pivot

1.3655

Our preference

Short positions below 1.3655 with targets at 1.3600 & 1.3580 in extension.

Alternative scenario

Above 1.3655 look for further upside with 1.3675 & 1.3690 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.3690

1.3675

1.3655

1.3621 Last

1.3600

1.3580

1.3555

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