The USDCAD price continues to decline to attempt to break 1.3700$ level yesterday, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, waiting to motivate the price to decline again and head towards our next negative target at 1.3650$.
Holding below 1.3765$ is important to the continuation of the expected decline, as breaching it will lead the price to stop the current bearish correction and head towards resuming the main bullish track again.
The expected trading range for today is between 1.36540$ support and 1.3770$ resistance.
Trend forecast: Bearish
Origin: Economies
