USD/CAD may fall 17 - 32 pips

Pivot

1.3835

Our preference

Short positions below 1.3835 with targets at 1.3800 & 1.3785 in extension.

Alternative scenario

Above 1.3835 look for further upside with 1.3850 & 1.3865 as targets.

Comment

The RSI calls for a drop.

Supports and resistances

1.3865

1.3850

1.3835

1.3817 Last

1.3800

1.3785

1.3770

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