USDCAD Price Analysis
USDCAD Scenario:
The USDCAD price succeeded to touch our first waited negative target at 1.3660$ and attempts to break it, to support the continuation of the expected bearish trend for the upcoming period, noting that we expect to target 1.3620$ followed by 1.3565$ levels as next negative stations.
The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1.3760$.
Trading Range:
The expected trading range for today is between 1.3580$ support and 1.3750$ resistance.
Trend forecast: Bearish
Origin: Economies
