The USDCAD is experiencing a free fall after breaking the support of EMA50 and showing negative signals from relative strength indicators
The possibility of continuing the decline and extending the bearish wave on a near-term basis is reinforced unless signs of intraday rebound or stability are seen
The (USDCAD) price slipped in its last intraday trading, after breaking the support of EMA50, putting it under negative pressure that intensified with the emergence of the negative signals from the relative strength indicators.
Which led to breaking main bullish trend line on the short-term basis, reinforcing the possibility for continuing the decline and extending the bearish wave on the near-term basis, unless witnessing signs that suggest intraday rebound or stability.
