USDCAD Price Analysis
Expected Scenario
The USDCAD price couldn’t sustain above 1.3760$ for a long time, resulting in clear negativity and testing the 1.3705$ level now.
The price is expected to achieve further decline in the upcoming sessions, with breaking below the 1.3705$ level indicating a move towards 1.3620$ followed by 1.3565$ as the next main stations.
Holding below 1.3760$ is crucial for the continuation of the expected decline, as breaching it will halt the current bearish correction and lead the price to rise again.
Expected Trading Range
Between the support at 1.3650$ and the resistance at 1.3780$.
Trend Forecast: Bearish
Origin: Economies
