The USD/CAD remains under bearish pressure. We should see another drop after the retracement.
If the price retraces to the 78.6-88.6 zone, it’s where the sellers are and we might see another move lower. The POC zone 1.3068-1.3078 additionally is showing the W H3 camarilla resistance and historical sellers. From that zone we should see a drop towards 1.3022, 1.2990 and 1.2969. If the price doesn’t retrace higher watch for a straight drop towards 1.2969.
The Analysis has been done with the Black Widow system.