USD/CAD may fall 27 - 47 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 upward potential is likely to be limited by the resistance at 1.3755.

Supports and resistances

1.3790

1.3775

1.3755

1.3742 Last

1.3715

1.3695

1.3680

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