The USDCAD price bounced bearishly to test the kye support 1.3470$, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to rise again, to head towards testing 1.3562$ as a first target.
On the other hand, we should note that continuing to decline and breaking 1.3470$ will stop the expected rise and force the price to decline again, to head towards achieving negative targets that reach 1.3360$.
The expected trading range for today is between 1.3410$ support and 1.3550$ resistance.
Trend forecast: Bullish
Origin: Economies
