USD/CAD may fall 5 - 25 pips

Pivot

1.3725

Our preference

Short positions below 1.3725 with targets at 1.3705 & 1.3685 in extension.

Alternative scenario

Above 1.3725 look for further upside with 1.3740 & 1.3755 as targets.

Comment

As long as the resistance at 1.3725 is not surpassed, the risk of the break below 1.3705 remains high.

Supports and resistances

1.3755

1.3740

1.3725

1.3710 Last

1.3705

1.3685

1.3670

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