USD/CAD may fall 6 - 21 pips

Pivot

1.3700

Our preference

Short positions below 1.3700 with targets at 1.3670 & 1.3655 in extension.

Alternative scenario

Above 1.3700 look for further upside with 1.3720 & 1.3735 as targets.

Comment

As long as the resistance at 1.3700 is not surpassed, the risk of the break below 1.3670 remains high.

Supports and resistances

1.3735

1.3720

1.3700

1.3676 Last

1.3670

1.3655

1.3640

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