The USDCAD price traded with clear negativity yesterday to break the minor support 1.4025$ and settle below it, to head towards potential test to the bullish channel’s support line around 1.3960$, making the bearish bias expected in the upcoming sessions, noting that this decline is temporary, waiting to resume the main bullish trend again after testing the mentioned support.
On the other hand, we should note that breaching 1.4025$ will stop the expected decline and lead the price to resume the main bullish wave again.
The expected trading range for today is between 1.3960$ support and 1.4080$ resistance
Trend forecast: Bearish temporarily
Origin: Economies
