The USDCAD price keeps declining to reach the thresholds of the new waited target at 1.3562$, which represents 50% Fibonacci correction level for the rise from 1.3178$ to 1.3946$, which means that breaking it will push the price to visit the next correctional level at 1.3471$.
We suggest the continuation of the bearish trend domination in the upcoming sessions and achieve more negative targets, noting that breaching 1.3653$ will stop the bearish correction and push the price to attempt to return to the main bullish track again.
The expected trading range for today is between 1.3510$ support and 1.3630$ resistance.
Trend forecast: Bearish
Origin: Economies
