USDCAD is testing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, another fall towards 1.3850 is possible. On the upside, a breakout of the trend line resistance would confirm that the downside movement from 1.4667 (Mar 19 high) had completed at 1.3849 already, then next target would be at 1.4350 area.
