USD/CAD may fall 46 - 61 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 break below 1.3700 is a negative signal that has opened a path to 1.3645.

Supports and resistances

1.3740

1.3715

1.3700

1.3691 Last

1.3645

1.3630

1.3615

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