The USDCAD price shows slight bearish bias to approach 1.3700$ barrier, to keep the bearish trend scenario valid and active for the upcoming period, which targets 1.3650$ mainly.
The EMA50 forms negative pressure against the price to support the continuation of the expected bearish trend, which will remain valid unless the price rallied to breach 1.3765$ and hold with a daily close above it.
The expected trading range for today is between 1.3660$ support and 1.3790$ resistance.
Trend forecast: Bearish
Origin: Economies
