USD/CAD may fall 20 - 45 pips

Pivot

1.3710

Our preference

Short positions below 1.3710 with targets at 1.3675 & 1.3650 in extension.

Alternative scenario

Above 1.3710 look for further upside with 1.3735 & 1.3750 as targets.

Comment

The break below 1.3710 is a negative signal that has opened a path to 1.3675.

Supports and resistances

1.3750

1.3735

1.3710

1.3695 Last

1.3675

1.3650

1.3635

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