USD/CAD may fall 20 - 30 pips

Pivot

1.3710

Our preference

Short positions below 1.3710 with targets at 1.3670 & 1.3660 in extension.

Alternative scenario

Above 1.3710 look for further upside with 1.3730 & 1.3750 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

1.3750

1.3730

1.3710

1.3690 Last

1.3670

1.3660

1.3650

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