USDCAD Price Analysis
The USDCAD price settles around 1.3660$ level, moving below the EMA50 that forms negative pressure against the intraday trades, waiting to resume the bearish bias that targets 1.3620$ followed by 1.3565$ levels as next negative stations.
Therefore, the bearish trend scenario will remain valid and active, reminding you that breaching 1.3760$ will stop the expected decline and push the price to turn to rise.
Expected Trading Range for Today
Support: 1.3600$
Resistance: 1.3740$
Trend Forecast
Bearish
Origin: Economies
