USD/CAD may fall 14 - 34 pips

Pivot

1.3710

Our preference

Short positions below 1.3710 with targets at 1.3680 & 1.3660 in extension.

Alternative scenario

Above 1.3710 look for further upside with 1.3725 & 1.3740 as targets.

Comment

The break below 1.3710 is a negative signal that has opened a path to 1.3680.

Supports and resistances

1.3740

1.3725

1.3710

1.3694 Last

1.3680

1.3660

1.3640

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