USD/CAD may fall 38 - 68 pips

Intraday: under pressure.

Pivot

1.3950

Our preference

Short positions below 1.3950 with targets at 1.3855 & 1.3825 in extension.

Alternative scenario

Above 1.3950 look for further upside with 1.3975 & 1.4000 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.4000

1.3975

1.3950

1.3893 Last

1.3855

1.3825

1.3800

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

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