USD/CAD may fall 23 - 38 pips

Pivot

1.3720

Our preference

Short positions below 1.3720 with targets at 1.3670 & 1.3655 in extension.

Alternative scenario

Above 1.3720 look for further upside with 1.3735 & 1.3755 as targets.

Comment

As long as the resistance at 1.3720 is not surpassed, the risk of the break below 1.3670 remains high.

Supports and resistances

1.3755

1.3735

1.3720

1.3693 Last

1.3670

1.3655

1.3640

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