USD/CAD may fall 18 - 33 pips

Pivot

1.3695

Our preference

Short positions below 1.3695 with targets at 1.3650 & 1.3635 in extension.

Alternative scenario

Above 1.3695 look for further upside with 1.3710 & 1.3725 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

1.3725

1.3710

1.3695

1.3668 Last

1.3650

1.3635

1.3615

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