USD/CAD may fall 29 - 54 pips

Pivot

1.3650

Our preference

Short positions below 1.3650 with targets at 1.3580 & 1.3555 in extension.

Alternative scenario

Above 1.3650 look for further upside with 1.3670 & 1.3690 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.3690

1.3670

1.3650

1.3609 Last

1.3580

1.3555

1.3540

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