USDCAD Price Analysis
Expected Scenario
The USDCAD price provided clear negative trades yesterday to approach our waited target at 1.3590$, noticing that stochastic loses its positive momentum clearly now, while the EMA50 continues to press negatively on the price.
Therefore, we will continue to suggest the bearish trend for the upcoming period, and breaking the mentioned level will push the price towards 1.3515$ as a next correctional target, while breaching 1.3690$ represents the key to return to the main bullish track again.
Expected Trading Range
Between 1.3580$ support and 1.3710$ resistance.
Trend Forecast: Bearish
Origin: Economies
