FX.co ★ crystal66 | USD/CAD

Currently, the USD/CAD currency pair continues to move within a descending channel, indicating that sellers are in control. After an attempt to hold below the 1.38400 level, a pullback has started. I expect the price to range between 1.38700 and 1.38600 in the near future. At the moment, the closest resistance is at 1.38550. If the price manages to break above this level, it could be one of the first signals for a move towards 1.38800. However, it is more likely that the price will bounce off and continue to decline. It is important to note that the price is currently below this point, indicating a bearish bias.