USDCAD 1H: Bearish outlook seen, further downside below 1.3420
On the 1H timeframe, price is showing strong bearish correction. A pullback to the resistance zone at 1.35, which coincides with the 61.8% Fibonacci retracement, and a break below downside confirmation at 1.345 could present an opportunity to play the drop to the resistance-turned-support zone at 1.342. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.