The USDCAD price resumed its negative trading clearly on last Friday, starting today with additional decline to reach our waited target at 1.3653$, to support the continuation of the bearish trend on the intraday and short-term basis, noting that breaking this level will extend the correctional bearish wave to reach 1.3562$ as a next negative target.
The EMA50 keeps pressing negatively on 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 above it.
The expected trading range for today is between 1.3590$ support and 1.3720$ resistance.
Trend forecast: Bearish
Origin: Economies
