USD/CAD may fall 15 - 30 pips

Pivot

1.3845

Our preference

Short positions below 1.3845 with targets at 1.3810 & 1.3795 in extension.

Alternative scenario

Above 1.3845 look for further upside with 1.3860 & 1.3875 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.3875

1.3860

1.3845

1.3825 Last

1.3810

1.3795

1.3780

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