USD/CAD may fall 19 - 39 pips

Pivot

1.3785

Our preference

Short positions below 1.3785 with targets at 1.3735 & 1.3715 in extension.

Alternative scenario

Above 1.3785 look for further upside with 1.3800 & 1.3820 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

1.3820

1.3800

1.3785

1.3754 Last

1.3735

1.3715

1.3695

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