The USDCAD price shows sideways trades since yesterday, moving near the EMA50 that forms good negative pressure against the price, while stochastic loses its positive momentum again, thus, we are waiting for expected negative trades in the upcoming sessions, and the next target is located at 1.3650$.
The continuation of the bearish wave depends on the price stability below 1.3765$, noting that breaching it will push the price to attempt to return to the main bullish trend again.
The expected trading range for today is between 1.3650$ support and 1.3780$ resistance.
Trend forecast: Bearish
Origin: Economies
