USDCAD Price Analysis
Expected Scenario
The USDCAD price ended yesterday with strong negativity, as it broke 1.3690$ to fall under the correctional bearish pressure again, on its way to achieve negative targets that start at 1.3590$ and extend to 1.3515$ after breaking the previous level.
Therefore, the bearish trend will be expected for today, noting that breaching 1.3690$ will stop the negative scenario and lead the price to attempt to build new bullish wave on the intraday basis.
Expected Trading Range
Between 1.3560$ support and 1.3690$ resistance.
Trend Forecast: Bearish
Origin: Economies
