The USDCAD price shows new negative trades to move away from 1.3653$ level, reinforcing the expectations of continuing the correctional bearish trend, and the way is open to achieve our next target at 1.3562$, noting that breaking this level will push the price to visit 61.8% Fibonacci correction level at 1.3470$.
The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 1.3653$ and holding above it.
The expected trading range for today is between 1.3550$ support and 1.3680$ resistance.
Trend forecast: Bearish
Origin: Economies
