The USDCAD price continues to fluctuate inside the bearish flag pattern that appears on the minor image, waiting to break 1.3471$ to activate this pattern followed by pushing the price to resume the bearish trend on the intraday and short-term basis, which its next target located at 1.3360$.
Therefore, our bearish overview still valid, noting that breaching 1.3512$ will stop the expected decline and push the price to recover and visit 1.3562$ initially.
The expected trading range for today is between 1.3430$ support and 1.3550$ resistance.
Trend forecast: Bearish
Origin: Economies
