USD/CAD may fall 22 - 42 pips

Pivot

1.3650

Our preference

Short positions below 1.3650 with targets at 1.3600 & 1.3580 in extension.

Alternative scenario

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

Comment

As long as 1.3650 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3690

1.3670

1.3650

1.3622 Last

1.3600

1.3580

1.3550

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