USDCAD is more likely to continue declining and here is why

After breaking the support which is now resistance at around 1.24417, bears didn't seem to give up the game.


🔍Technical expectations:
🔹Probability is high that bears will defend the 1.24417 level which is now acting as resistance.
🔹USDCAD will continue declining, first targeting the 1.22566 level and later down to 1.20576
🔹The decline in USDCAD can also be driven by USD which I expect to get weaker.


❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.



Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍


Many wishes and trade smart!