FX.co ★ USD/CAD

At the moment, the EUR/CAD currency pair continues to move within a descending channel, which indicates that sellers still maintain control. After an attempt to stay below the 1.4170 level, a pullback began. I expect that in the near future the price of the pair will move roughly in the range from 1.4170 to 1.4210. Right now, the 1.4170 level is the nearest support; if the price manages to break below this level, it could be one of the first signals that a move toward 1.1440 is likely to begin, although a pullback may also occur. However, it is important to note that the price is currently above this point, and the priority direction remains bearish.