USDCAD Price Analysis
Expected Scenario
The USDCAD price shows some slight bullish bias, affected by stochastic positivity, to approach the EMA50 that forms good resistance against the price, waiting to resume the bearish bias to break 1.3590$ and confirm extending the correctional bearish wave to target 1.3515$ followed by 1.3435$ levels as next negative stations.
Holding below 1.3690$ is important to the continuation of the expected decline, as breaching it represents the key to return to the main bullish track again.
Expected Trading Range
Between 1.3570$ support and 1.3700$ resistance.
Trend Forecast: Bearish
Origin: Economies
