USD/CAD may fall 15 - 30 pips

Pivot

1.3815

Our preference

Short positions below 1.3815 with targets at 1.3785 & 1.3770 in extension.

Alternative scenario

Above 1.3815 look for further upside with 1.3835 & 1.3860 as targets.

Comment

As long as 1.3815 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3860

1.3835

1.3815

1.3800 Last

1.3785

1.3770

1.3750

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