USD/CAD may fall 23 - 38 pips

Pivot

1.3655

Our preference

Short positions below 1.3655 with targets at 1.3615 & 1.3600 in extension.

Alternative scenario

Above 1.3655 look for further upside with 1.3670 & 1.3690 as targets.

Comment

As long as the resistance at 1.3655 is not surpassed, the risk of the break below 1.3615 remains high.

Supports and resistances

1.3690

1.3670

1.3655

1.3638 Last

1.3615

1.3600

1.3580

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