USD/CAD may fall 20 - 40 pips

Pivot

1.3780

Our preference

Short positions below 1.3780 with targets at 1.3735 & 1.3715 in extension.

Alternative scenario

Above 1.3780 look for further upside with 1.3800 & 1.3820 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

1.3820

1.3800

1.3780

1.3755 Last

1.3735

1.3715

1.3695

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