The USDCAD price bounced bearishly after testing 1.3505 in the previous sessions, which supports the continuation of the expected bearish trend on the intraday basis, which its targets begin by testing 38.2% Fibonacci correction level at 1.3445, reminding you that breaking it will push the price towards 1.3392 followed by 1.3342 levels as next correctional stations.
Holding below 1.3505 is important to the continuation of the expected decline, as breaching it will stop the correctional bearish scenario and lead the price to attempt to return to the main bullish track again.
The expected trading range for today is between 1.3390 support and 1.3510 resistance.
Trend forecast: Bearish
Origin: Economies
