USDCAD remains bearish. You can see that the market one more time has respected a falling resistance of the channel. Our bias is bearish and our next mid-term target is 1.3 structure support level.
Strong selloff that we saw on Friday will most likely trigger more selling volumes and after a small pullback, selling pressure will proceed.
*it is not a trading recommendation! I just share with you my outlook on this pair.
Good day.
Just my view.Another 60 pips ride down possible.