USD/CAD may fall 11 - 26 pips

Pivot

1.3725

Our preference

Short positions below 1.3725 with targets at 1.3695 & 1.3680 in extension.

Alternative scenario

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

Comment

As long as 1.3725 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3755

1.3740

1.3725

1.3706 Last

1.3695

1.3680

1.3665

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