SHORT USDCAD

As can be seen in the USDCAD chart, the price has fallen after hitting the top line of the long-term channel. On the way to its fall, it has support at 1.2860 ahead. At the same time as this support, the trend line TR1 is also ahead of the price. With these conditions, we expect to have a significant falling trend to the levels of 1.2780 and 1.2650 if the trend line TR1 is broken.