USD/CAD may fall 22 - 52 pips

Pivot "weakening dollars"

1.3615

Our preference

Short positions below 1.3615 with targets at 1.3550 & 1.3520 in extension.

Alternative scenario

Above 1.3615 look for further upside with 1.3630 & 1.3650 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

1.3650

1.3630

1.3615

1.3572 Last

1.3550

1.3520

1.3495

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