The USDCAD price continued to rise yesterday to test the key resistance line at 1.3690$, and still below this level until now, to keep the chances valid to resume the correctional bearish trend, which targets testing 1.3590$ initially.
Stochastic shows overbought signals to support the expectations to decline in the upcoming sessions, noting that breaching the mentioned resistance will lead the price to achieve additional gains and return to the main bullish track again.
The expected trading range for today is between 1.3600$ support and 1.3740$ resistance.
Trend forecast: Bearish
Origin: Economies
