USD/CAD remained under some selling pressure through the early North American session. The near-term technical set-up supports prospects for a slide towards trend-channel support. The USD/CAD pair maintained its offered tone through the early North American session and has now moved well within the striking distance of six-month lows set last week. The recent downfall over the past 1-1/2 month or so has been along a downward sloping channel, which points to a well-established bearish trend and supports prospects for further weakness. Meanwhile, technical indicators on 4-hourly/daily charts maintained their bearish bias and are still far from being in the oversold territory, reinforcing the near-term bearish outlook. Hence, a subsequent fall below the 1.3200 round-figure mark will set the stage for an extension of the downward trajectory towards challenging the channel support, around the 1.3230 region. On the flip side, any attempted recovery move might continue to confront a stiff resistance near the 1.3270 supply zone and remain capped near the 1.3300 round-figure mark. That said, some follow-through strength might trigger a short-covering move and lift the pair further towards the top boundary of the mentioned channel, currently near the 1.3335 zone. USD/CAD 4-hourly chart Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD climbs to fresh 10-day highs above 0.7200 FX Street 2 years USD/CAD remained under some selling pressure through the early North American session. The near-term technical set-up supports prospects for a slide towards trend-channel support. The USD/CAD pair maintained its offered tone through the early North American session and has now moved well within the striking distance of six-month lows set last week. The recent downfall over the past 1-1/2 month or so has been along a downward sloping channel, which points to a well-established bearish trend and supports prospects for further weakness. Meanwhile, technical indicators on 4-hourly/daily charts maintained their bearish bias and are still far from being in the oversold… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.