The USDCAD price continues to fluctuate at the broken support of the bullish channel, keeping its stability below it, to keep the bearish trend scenario active, which targets 1.4220$ mainly.
Stochastic shows negative signals that support the expected decline, noting that breaching 1.4420$ followed by 1.4467$ levels will stop the negative scenario and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.4330$ support and 1.4450$ resistance
Trend forecast: Bearish
Origin: Economies
