USDCAD is trading at 1.3326 The markets could indicate that the price may test the upside border of the cloud at 1.3340 and then resume moving downwards to reach 1.3195. Another signal to confirm further descending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further decline may be canceled if the price breaks the upside border of the cloud and fixes above 1.3395. In this case, the pair may continue growing towards 1.3485. After breaking the downside border of below 1.3290, the price may continue moving downwards.