The USDCAD price attempted to breach 1.3505 level but it ended yesterday below it, to keep the correctional bearish scenario active, waiting to visit 1.3445 as a first station, which breaking it represents the key to rally towards 1.3392 followed by 1.3342 levels as next negative targets.
The EMA50 meets 1.3505 level to add more strength to it and protect the suggested negative scenario, which will remain valid conditioned by the price stability below the mentioned level.
The expected trading range for today is between 1.3400 support and 1.3530 resistance.
Trend forecast: Bearish
Origin: Economies
