USDCAD Price Analysis
Expected Scenario
The USDCAD price couldn’t manage to hold below 1.3690$, settling above it again and hinting towards resuming the main bullish trend.
However, it faces negative pressures affected by technical indicators’ negativity.
We prefer to stay aside until a clearer signal for the next trend emerges.
Breaking below 1.3690$ again will push the price to achieve additional bearish correction with the next target at 1.3590$.
Breaking above 1.3755$ resistance is key to returning to the main bullish track, targeting 1.3845$ as the first positive target.
Expected Trading Range
Between 1.3620$ support and 1.3770$ resistance.
Trend Forecast: Neutral
Origin: Economies
