The USDCAD is experiencing a slight downward trend on a 4-hour chart, moving steadily within a descending parallel channel.
It is in a strong horizontal support level, and I anticipate that the downward movement will continue once it breaks through this support.
To confirm this, we will need to see a 4-hour candle close below 1.3657.
If this happens, we can expect the pair to potentially reach the 1.3585 support level next.
It is in a strong horizontal support level, and I anticipate that the downward movement will continue once it breaks through this support.
To confirm this, we will need to see a 4-hour candle close below 1.3657.
If this happens, we can expect the pair to potentially reach the 1.3585 support level next.
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