USDCAD Price Analysis
The USDCAD price shows negative trades to settle below 1.3660$ level, falling under continuous negative pressure coming by the EMA50, while stochastic overlaps negatively now.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next targets located at 1.3620$ followed by 1.3565$, noting that breaching 1.3760$ will push the price to resume the main bullish track again, to head towards visiting the recently recorded high at 1.3845$ as a first positive target.
The expected trading range for today is between 1.3570$ support and 1.3700$ resistance.
Trend forecast: Bearish
Origin: Economies
