The USDCAD price fluctuates within tight range since yesterday, noticing that stochastic enters the overbought areas, while the EMA50 keeps pressing negatively on the price.
Therefore, we believe that the chances valid to resume the correctional bearish trend, which its next target located at 1.3650$, noting that breaching 1.3765$ will stop the expected decline and lead the price to resume the main bullish track again.
The expected trading range for today is between 1.3660$ support and 1.3790$ resistance.
Trend forecast: Bearish
Origin: Economies
