The USDCAD price provided additional negative trades yesterday to reach few pips away from our waited target at 1.3562$, noticing that stochastic loses its positive momentum clearly to approach the overbought areas, waiting to motivate the price to resume the negative trades to break the mentioned level and open the way to achieve more bearish correction that its next target reaches 1.3471$.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.3653$ and hold above it.
The expected trading range for today is between 1.3530$ support and 1.3650$ resistance.
Trend forecast: Bearish
Origin: Economies
