Continuing its losing streak, the USD/CAD pair is trading near the 1.3840 level during early European hours on Monday. This decline marks the fourth consecutive session of losses for the pair. Daily technical analysis indicates a prevailing bearish bias as the currency pair descends within a downward channel pattern. Traders should keep a close eye on market trends and further developments that could influence this pair’s trajectory. Understanding the underlying dynamics can lead to better decision-making as the pair navigates through its challenges.