USDCAD has been in a bearish down trend for quite a while now, and it does not look like it is going to be ending anytime soon. From my previous USDCAD you will be able to see the short trades i have taken and my bearish analysis which i've had.
As of right now price is at the support level of a bearish channel. I am anticipating a pullback into the resistance level of the bearish channel before price continues on its downwards trend.
My long term downside target for this pair is 1.226.