USD/CAD Intraday: the downside prevails.

Pivot: 1.3970

Our preference: short positions below 1.3970 with targets at 1.3910 & 1.3885 in extension.

Alternative scenario: above 1.3970 look for further upside with 1.3990 & 1.4005 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

1.4005

1.3990

1.3970

1.3931 Last

1.3910

1.3885

1.3860