USD/CAD Intraday: consolidation in place.

Pivot: 1.4055

Our preference: short positions below 1.4055 with targets at 1.4020 & 1.4000 in extension.

Alternative scenario: above 1.4055 look for further upside with 1.4075 & 1.4090 as targets.

Comment: as long as 1.4055 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.4090

1.4075

1.4055

1.4035 Last

1.4020

1.4000

1.3980