The USDCAD price shows positive trades to breach 1.3471$ level and attempts to confirm the stability above it, to hint heading to recover and build bullish wave on the intraday basis, but we notice that the technical indicators provide negative signals that might push the price to decline again.
Therefore, we prefer to stay aside until the price confirms its situation according to 1.3471$ level, noting that holding above it will push the price to achieve gains that start by visiting 1.3562$ areas, while breaking it will reactivate the negative scenario that targets 1.3360$ mainly.
The expected trading range for today is between 1.3420$ support and 1.3560$ resistance.
Trend forecast: Neutral
