Expected Scenario
The USDCAD price provided additional negative trades yesterday, breaking 1.3690$ and settling below it, which puts the price under correctional bearish pressure again, targeting 1.3590$ as the next negative target.
The bearish bias will be suggested for today, supported by trading below the EMA50. Trading above 1.3690$ again will halt the expected negative pressure and lead to price recovery.
Expected Trading Range
Between 1.3600$ support and 1.3740$ resistance.
