The USDCAD price traded with clear positivity yesterday to test the key resistance 1.3860$, noticing that the price consolidated below this level and begins to provide new negative trades, to keep the correctional bearish trend active, depending in the formation of the rising wedge pattern that appears on the chart, and the price needs to break 1.3835$ to get negative motive that push the price to target 1.3760$ areas initially.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.3860$ and holding above it.
The expected trading range for today is between 1.3770$ support and 1.3900$ resistance
Trend forecast: Bearish
Origin: Economies
