USD/CAD may fall 31 - 46 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

As long as the resistance at 1.3695 is not surpassed, the risk of the break below 1.3650 remains high.

Supports and resistances

1.3725

1.3710

1.3695

1.3681 Last

1.3650

1.3635

1.3615

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