USDCAD Chart Technical Outlook, The medium-term bias is bearish but the scope for a correction
Buyers have emerged close to the previous swing low of 1.3489.
The daily chart highlights the completion of a Bat formation at 1.3162. With the weekly chart posting an evening star formation, the medium-term bias is skewed to the downside.
Bespoke resistance is located at 1.3555. A break here and we could see a more sustained correction towards the break of structure at 1.3641.
