USD/CAD may fall 20 - 40 pips

Pivot

1.3725

Our preference

Short positions below 1.3725 with targets at 1.3680 & 1.3660 in extension.

Alternative scenario

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

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.3755

1.3740

1.3725

1.3700 Last

1.3680

1.3660

1.3640

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