USD/CAD may fall 9 - 24 pips

Pivot

1.3735

Our preference

Short positions below 1.3735 with targets at 1.3710 & 1.3695 in extension.

Alternative scenario

Above 1.3735 look for further upside with 1.3755 & 1.3765 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.3765

1.3755

1.3735

1.3719 Last

1.3710

1.3695

1.3680

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