USDCAD – DAILY OUTLOOK – APRIL 29

Looking at the daily chart, USDCAD hasn’t done much in terms of our longer-term target but continues to reject 1.38618, which adds confluence to the bearish bias.

That being said, the consistent failure to push higher makes me doubt we’ll see the deeper pullback to 1.39621—unless we get a strong fundamental catalyst. So for now:

📉 Current sell zones:
– 1.37871
– 1.36647
🎯 First target = 1.34380 (300+ pips available)

Will reassess if any news shifts the bias, but structure-wise we stay short.