USD/CAD may fall 24 - 44 pips

Pivot

1.3720

Our preference

Short positions below 1.3720 with targets at 1.3665 & 1.3645 in extension.

Alternative scenario

Above 1.3720 look for further upside with 1.3740 & 1.3755 as targets.

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

1.3755

1.3740

1.3720

1.3689 Last

1.3665

1.3645

1.3620

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