The USDCAD price begins the attempts to break 1.3945$ level now, as it attempts to hold below it, which supports the expectations of continuing the domination of the bearish correction in the upcoming sessions, paving the way to visit 1.3845$ as a next target.
By taking a deeper look at the chart, we find that the price completes forming double top pattern that supports the expectations of continuing the decline on the intraday and short-term basis, taking into consideration that failing to consolidate below 1.3945$ might push the price to start recovery attempts that target testing 1.4015$ areas before determining the next trend clearly.
The expected trading range for today is between 1.3860$ support and 1.3990$ resistance
Trend forecast: Bearish
Origin: Economies
