USDCAD Price Analysis
Expected Scenario
The USDCAD price traded with clear positivity yesterday to test the key resistance 1.3690$, as it kept its stability below it, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the correctional bearish trend, which its first target located at 1.3590$.
Therefore, the bearish bias will be expected on the intraday basis unless breaching 1.3690$ and holding with a daily close above it.
Expected Trading Range
Between 1.3590$ support and 1.3730$ resistance.
Trend Forecast: Bearish
Origin: Economies
