The USD/CAD currency pair has continued its decline for the fifth consecutive session, currently hovering around 1.3860 during European trading. Technical analysis on the daily chart indicates a strong bearish trend, with the currency pair consistently trending lower within a descending channel formation. Traders seeking opportunities in this pair should monitor for rebounds that could test support at 1.3850, indicating a significant threshold for potential future movements. Market participants should remain vigilant as key dynamics unfold.