USD/CAD may fall 23 - 43 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

As long as the resistance at 1.3755 is not surpassed, the risk of the break below 1.3715 remains high.

Supports and resistances

1.3790

1.3775

1.3755

1.3738 Last

1.3715

1.3695

1.3680

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