The USDCAD price declined strongly yesterday to surpass our waited target at 1.3471$ and settles below it, opening the way to continue the decline on the intraday basis, to head towards visiting 1.3360$ as a next negative target.
The EMA50 forms negative pressure that supports the continuation of the suggested bearish wave, which will remain valid unless breaching 1.3471$ and holding above it.
The expected trading range for today is between 1.3355$ support and 1.3490$ resistance.
Trend forecast: Bearish
Origin: Economies
