On the 30-minute timeframe for the USD/CAD currency pair, the following technical picture is observed. The price is in a short-term downtrend, indicating the current advantage of sellers. I expect the movement to continue southward towards the buyers' area of interest, where a demand reaction may form. If signs of a rebound appear in this area, a reversal and corrective movement northwards can be expected towards the resistance level at 1.3873. However, if buyers do not show activity and the price consolidates below the demand zone, the downward movement may continue towards the next support levels.
