USDCAD Price Analysis
Expected Scenario
The USDCAD price returned to test the broken support of the bullish channel but it bounced bearishly from there, to keep the correctional bearish trend scenario valid for the upcoming period, which targets 1.3590$ as a first negative station.
We remind you that breaking the mentioned level will extend the bearish wave to reach 1.3512$ followed by 1.3433$ levels, while holding below 1.3690$ and 1.3700$ represents key condition to the continuation of the expected decline.
Expected Trading Range
Between 1.3590$ support and 1.3730$ resistance.
Trend Forecast: Bearish
Origin: Economies
