The USDCAD price bounced downwards clearly after facing solid resistance at 1.3562$ level, to break 1.3512$ and settle below it, which pushes the price to achieve more expected decline in the upcoming sessions, noting that breaking 1.3500$ will complete forming bearish flag pattern that will lead the price to achieve negative targets that surpass 1.3471$ to reach 1.3360$ areas.
Therefore, the bearish bias will be suggested for today, noting that breaching 1.3562$ will stop the expected decline and push the price to start new recovery attempts.
The expected trading range for today is between 1.3450$ support and 1.3560$ resistance.
Trend forecast: Bearish
Origin: Economies
