The USDCAD price touched 1.3471$ level and bounced upwards strongly from there, to test the key resistance 1.3562$, noticing that stochastic lost its positive momentum and begins to overlap negatively now, which puts the price under expected negative pressure in the upcoming sessions, to head towards visiting 1.3471$ again.
Therefore, we suggest the bearish bias today, noting that breaching 1.3562$ will complete forming positive pattern that has positive targets that start by testing 1.3653$ areas.
The expected trading range for today is between 1.3470$ support and 1.3610$ resistance.
Trend forecast: Bearish
Origin: Economies
