. There is still a possibility of temporary retracement to suggested resistance line (1.4035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. USDCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 31.
TP1= @ 1.3950
TP2= @ 1.3915
TP3= @ 1.3860
SL: Break Above R2