USDCAD: Channel Down aiming at the Support.U.S. DOLLAR / CANADIAN DOLLARFX_IDC:USDCADInvestingScopeUSDCAD has been bearish on its 1D technical outlook (RSI = 39.791, MACD = 0.0001, ADX = 36.536), trading within a Channel Down. Its latest LH was at the start of the month with the price dropping throught the whole month of April. With the price crossing under the 1D MA50 today, the next target is technically the S1 level (TP = 1.34825). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##