USD/CAD
The US dollar's retreat from an aggressive push against its competitors has brought the USD/CAD pair back below the 1.3810 level, placing it within a wide "free roaming" range, with the lower boundary at 1.3635, which could be extended down to 1.3540.
The daily Marlin oscillator has settled below the zero line—confirming a bearish trend. The nearest target is 1.3658, at the MACD line. On the H4 chart, the trend is completely bearish.
The price is now fixed below the indicator lines, and while the Marlin oscillator has slowed its decline somewhat (since the price is close to one of the supports within the range), the MACD line has turned downward. We expect a cautious decline in the USD/CAD pair.
