Currently, the USD/CAD pair seems to be testing the recently passed support level at 1.3954. Just above it, we have a moving average acting as resistance. This could indicate a potential continuation of the downtrend, with the target being the support at 1.3900. We will see how it plays out. However, if the price manages to break above this level, surpasses the moving average, it would signal a continuation of the uptrend, targeting the resistance at 1.4005. Further analysis will depend on the actual price action at these levels.
