USD/CAD may fall 27 - 42 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 RSI is bearish and calls for further decline.

Supports and resistances

1.3740

1.3715

1.3700

1.3672 Last

1.3645

1.3630

1.3615

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