USD/CAD may fall 25 - 40 pips

Pivot

1.3700

Our preference

Short positions below 1.3700 with targets at 1.3645 & 1.3630 in extension.

Alternative scenario

Above 1.3700 look for further upside with 1.3715 & 1.3740 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

1.3740

1.3715

1.3700

1.3670 Last

1.3645

1.3630

1.3615

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