USD/CAD may fall 43 - 58 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

As long as 1.3700 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3740

1.3715

1.3700

1.3688 Last

1.3645

1.3630

1.3615

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