From the previous week, the USDCAD currency pair has recently rebounded from a bearish trend when it reached the critical support level of 1.34953. From Elliot Wave Theory, the pair would likely experience a short-term three-wave rebound to around 0.382 (1.35700) level before continuing their bearish trend. 

Traders may seek BUY opportunities in the short term while monitoring for SELL opportunities in the long term especially if the price breaks below the critical support level of 1.34953.

Support: 1.34953

Resistance: 1.35700

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