USD/CAD may fall 13 - 23 pips

Pivot

1.3690

Our preference

Short positions below 1.3690 with targets at 1.3665 & 1.3655 in extension.

Alternative scenario

Above 1.3690 look for further upside with 1.3705 & 1.3720 as targets.

Comment

As long as 1.3690 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3720

1.3705

1.3690

1.3678 Last

1.3665

1.3655

1.3630

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