USD/CAD may fall 8 - 28 pips

Pivot

1.3765

Our preference

Short positions below 1.3765 with targets at 1.3735 & 1.3715 in extension.

Alternative scenario

Above 1.3765 look for further upside with 1.3790 & 1.3805 as targets.

Comment

As long as the resistance at 1.3765 is not surpassed, the risk of the break below 1.3735 remains high.

Supports and resistances

1.3805

1.3790

1.3765

1.3743 Last

1.3735

1.3715

1.3700

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