USD/CAD analysis (July 21)

The USD/CAD is now evolving in a clear bearish trend and is currently testing its multi-year low at 0,9450.
A break below this level would accelerate decline with no clear target (the historical low from 2007 is at 0,9050).
We need to see the pair breaking back above 0,97 to leviate the downside pressure and allow some kind of bounce.