21.05.202505:07 Forex Analysis & Reviews: Forecast for USD/CAD on May 21, 2025

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The USD/CAD pair has gradually declined for five consecutive days, remaining below the daily balance indicator line. A move below the support level of 1.3898 would accelerate the decline toward the first support at 1.3746. Just below that lies the price channel line at 1.3707.

Additionally, the Marlin oscillator may soon enter negative territory. This would support the bears and help the price consolidate below 1.3707.

On the H4 chart, the price is accelerating its decline below the indicator lines and now appears to be attempting to break through the support level on momentum. A consolidation below this level would fully open the path toward 1.3746.

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