The USDCAD price bounced bearishly to start bearish correction for the rise that started from 1.3590$ areas, and testes 23.6% Fibonacci correction level at 1.3800$ now, and we suggest breaking this level to open the way to achieve negative targets that start at 1.3760$ and extend to 1.3725$ followed by 1.3695$.
Therefore, the bearish bias will be suggested in the upcoming sessions, noting that breaching 1.3845$ will stop the current negative pressure and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.3740$ support and 1.3870$ resistance.
Trend forecast: Bearish
Origin: Economies
