The USD/CAD price has been trading in a wide resistance zone of 1.3930-1.3965 for 2-3 days, but today, on US inflation data, it received a good bearish impulse. As a result, the price is currently trading at 1.3908 and has all chances to continue declining towards the support level at 1.3870. I will only consider possible buys of the pair at that level, counting on a resumption of the bullish trend towards 1.4000. Accordingly, I am ready to consider selling the pair only from the mentioned round resistance level. Also, in just 5 minutes, the Bank of Canada meeting will start, and the rate decision will be announced.
