The USDCAD price shows positive trades after testing 1.3590$ in the previous sessions, noting that stochastic loses the positive momentum clearly, waiting to motivate the price to resume the correctional bearish trend that its targets begin by breaking the mentioned level to confirm heading towards 1.3515$ followed by 1.3435$ levels on the near-term basis.
Holding below 1.3690$ represents major condition to the continuation of the expected decline, as breaching it will stop the correctional bearish scenario and push the price to regain the main bullish trend again.
The expected trading range for today is between 1.3580$ support and 1.3700$ resistance.
Trend forecast: Bearish
Origin: Economies
