USDCAD continues to fall after the earlier downward reversal from the powerful resistance area lying between the long-term resistance level 1.46400 (which stopped the previous sharp weekly uptrend at the start of January, as can be seen from the weekly USDCAD chart below) and the upper weekly Bollinger band. Given the strength of the aforementioned resistance area, clear bearish divergence on the weekly Stochastic indicator and the strong bearish US dollar sentiment developing at the moment – USDCAD is likely to fall further toward the next round support level 1.40000.