USDCAD Bearish Momentum Resumed Target 1.31093

USDCAD Forecast: USDCAD pair, USD sees lost the bullish momentum again and failed to make breakout 1.33586 also the resistance at 50MA which the pair failed. UDSCAD again made big bearish candle on daily chart in closing week. The next week USDCAD forecast seems bearish with target up to 1.31093 as strong support at 200MA, other indicators like RSI stood at 38.80 and MACD bearish crossover also happened. Traders may take short position till target of 1.31093.