According to the USD/CAD Linear Regression Channel chart indicates the following:
Yesterday's key-level for the USD/CAD currency pair was located around 0.9910 which was broken to the downside allowing the pair to record a daily low at 0.9859.
Level 0.9860 corresponds to the lower limit of all depicted channels constituting an important support for the pair. However, its break will initiate bearish movement towards 0.9840.
Today's key-level is located at 0.9888 corresponding to the upper limit of the violet channel and the intermediate line of the yellow one.
Bullish closure above 0.9888 allows the USD/CAD pair to reach 0.9910 and 0.9930 points. However, the bearish movements towards will most likely bring a new bearish swing towards 0.9860 and 0.9840 points.
