The USDCAD price settles below the broken support of the bullish channel, noticing that stochastic continues to provide the negative signals, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next main target located at 1.4220$.
Breaking 1.4370$ will ease the mission of achieving the expected decline, which will remain valid unless breaching 1.4467$ and holding above it.
The expected trading range for today is between 1.4325$ support and 1.4450$ resistance
Trend forecast: Bearish
Origin: Economies
