USD/CAD may fall 22 - 37 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

As long as 1.3745 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3790

1.3765

1.3745

1.3732 Last

1.3710

1.3695

1.3680

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