USD/CAD Intraday: Rebound or deeper decline ahead?
USD/CAD (USD/CAD)-0.00312-0.22%
Under pressure below 1.4014, with 1.3938 and 1.3924 as targets

Our pivot point is at 1.4014.
Our preference: Under pressure below 1.4014, with 1.3938 and 1.3924 as targets
Alternative scenario: above 1.4014, look for 1.4037 and 1.4050.
Comment: Prices are now edging toward our first target. Should this level be reached, a pullback is likely to surface; yet a convincing break below it could open the door to further losses.
Supports and resistances:
1.4050 **
1.4037 *
1.4014 **
1.3952 last
1.3938
1.3924 **
1.3911 *
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