The USDCAD price attempted to breach 1.3690$ level but it ended yesterday below it, to keep the bearish trend scenario valid for the upcoming period, waiting to visit 1.3590$ as a first station, noting that breaking this level will complete forming negative pattern that will push the price to achieve additional bearish correction that its targets extend to reach 1.3435$ areas.
Therefore, the bearish trend will remain valid and active on the intraday basis unless breaching 1.3690$ and holding with a daily close above it.
The expected trading range for today is between 1.3600$ support and 1.3740$ resistance.
Trend forecast: Bearish
Origin: Economies
