The USDCAD price broke 1.3562$ level strongly to trade with clear negativity and turn to decline, targeting visiting 1.3471$ areas as a next main station, making the bearish bias suggested in the upcoming period, noting that breaking the mentioned level will extend the bearish wave to reach 1.3360$ areas on the near-term basis.
Therefore, we expect to witness more decline today, noting that breaching 1.3562$ will stop the current negative pressure and lead the price to recover again.
The expected trading range for today is between 1.3455$ support and 1.3585$ resistance.
Trend forecast: Bearish
Origin: Economies
