USD/CAD may fall 20 - 35 pips

Pivot

1.3835

Our preference

Short positions below 1.3835 with targets at 1.3810 & 1.3795 in extension.

Alternative scenario

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

Comment

As long as the resistance at 1.3835 is not surpassed, the risk of the break below 1.3810 remains high.

Supports and resistances

1.3865

1.3850

1.3835

1.3830 Last

1.3810

1.3795

1.3780

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