USDCAD Price Analysis
Expected Scenario
The USDCAD price couldn’t manage to hold for long time above 1.3690$, as it broke this level strongly to return to the correctional bearish track again, approaching 38.2% Fibonacci level at 1.3590$, and we suggest breaking this level to achieve additional negative targets that start at 1.3510$ and extend to 1.3435$.
Therefore, the bearish bias will be suggested for the upcoming sessions unless the price rallied to breach 1.3690$ and hold above it.
Expected Trading Range
Between 1.3550$ support and 1.3690$ resistance.
Trend Forecast: Bearish
Origin: Economies
