USDCAD Price Analysis
Expected Scenario
The USDCAD price broke 1.3690$ level clearly and ended yesterday below it, to activate the correctional bearish scenario and head towards achieving negative targets that start at 1.3590$ and extend to 1.3515$ after breaking the previous level.
Therefore, the bearish bias will be expected for today, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1.3690$ will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
Expected Trading Range
Between 1.3560$ support and 1.3700$ resistance.
Trend Forecast: Bearish
