USD/CAD may fall 20 - 40 pips

Pivot

1.3500

Our preference

Short positions below 1.3500 with targets at 1.3460 & 1.3440 in extension.

Alternative scenario

Above 1.3500 look for further upside with 1.3520 & 1.3540 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.3500.

Supports and resistances

1.3540

1.3520

1.3500

1.3480 Last

1.3460

1.3440

1.3420

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