USD/CAD may fall 20 - 40 pips

Pivot

1.3755

Our preference

Short positions below 1.3755 with targets at 1.3715 & 1.3695 in extension.

Alternative scenario

Above 1.3755 look for further upside with 1.3775 & 1.3790 as targets.

Comment

The break below 1.3755 is a negative signal that has opened a path to 1.3715.

Supports and resistances

1.3790

1.3775

1.3755

1.3735 Last

1.3715

1.3695

1.3680

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