USD/CAD may fall 13 - 28 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 shows downside momentum.

Supports and resistances

1.3875

1.3860

1.3845

1.3823 Last

1.3810

1.3795

1.3780

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