The USDCAD touches the key level

The USDCAD pair managed to touch at 1.3350 and finds solid support there, to show some bullish bias affected by stochastic positivity, while the EMA50 forms negative pressure against the price to support the chances of continuing the main bearish trend and surpass the mentioned level to head towards 1.3205 as a next negative station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3425 will push the price to achieve additional gains and test 1.3500 before any new attempt to decline.