USD/CAD may fall 11 - 31 pips

Pivot

1.3740

Our preference

Short positions below 1.3740 with targets at 1.3705 & 1.3685 in extension.

Alternative scenario

Above 1.3740 look for further upside with 1.3760 & 1.3780 as targets.

Comment

A break below 1.3705 would trigger a drop towards 1.3685.

Supports and resistances

1.3780

1.3760

1.3740

1.3716 Last

1.3705

1.3685

1.3670

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