USDCAD Price Analysis
Expected Scenario
The USDCAD price shows some bullish bias to retest the broken support of the bullish channel, and the EMA50 meets this level to add more strength to it, accompanied by stochastic loss to the positive momentum clearly.
Therefore, these factors encourage us to continue suggesting the domination of the correctional bearish trend, which targets 1.3590$ followed by 1.3512$ levels as next stations, reminding you that breaching 1.3690$ will push the price to return to the main bullish track again.
Expected Trading Range
Between 1.3600$ support and 1.3710$ resistance.
Trend Forecast: Bearish
Origin: Economies
