The USDCAD price shows bearish bias after the positive attempts that it witnessed yesterday, and by taking a deeper look at the chart, we find that the recent trades are confined within rising wedge pattern that its support line located at 1.3820$, which means that breaking this level will put the price under negative pressure that its targets begin by testing 1.3760$ areas.
Therefore, we expect to witness negative trades in the upcoming sessions, taking into consideration that breaching 1.3860$ will stop the negative scenario and lead the price to resume the bullish track again.
The expected trading range for today is between 1.3750$ support and 1.3890$ resistance
Trend forecast: Bearish
Origin: Economies
