If the price will move under the key support of 1.02996, the USDCAD
will be bearish
with target 1.02312 that is a key support. On the daily chart
it is also in the EMA8-21 Support Area
. We should wait to see price movements in the next days, the support area
could be able to show us a possible price action signal to enter long or the break of the support.
The weekly chart shows the possibility that a false break can happen, just because the price is near the support level