USD/CAD may fall 24 - 39 pips

Pivot

1.3745

Our preference

Short positions below 1.3745 with targets at 1.3710 & 1.3695 in extension.

Alternative scenario

Above 1.3745 look for further upside with 1.3765 & 1.3790 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.3745.

Supports and resistances

1.3790

1.3765

1.3745

1.3734 Last

1.3710

1.3695

1.3680

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