USDCAD - Medium term prediction - 16/06/25

Given the daily down-trend and your clear break below the 1.3729 pivot, the path of least resistance is down toward 1.3420 rather than back up to 1.3729:

Trend
USD/CAD has been in a multi-month down-trend from the 1.4800 highs, carving lower highs and lower lows.

Broken support → resistance
That 1.3729 level failed as support in late May and should now act as resistance on any rally.

Momentum
Recent daily closes are rolling over into new lows, with no bullish divergence to suggest a reversal yet.

Slide to 1.3420 ~70% Down-trend continuation into the next demand zone
Rally back to 1.3729 ~30% Requires reclaiming 1.3600–1.3650 and bullish follow-through