The USDCAD price hovers around 1.3690$ level and keeps its stability below it until now, noticing that stochastic loses the positive momentum again, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin by testing 1.3590$.
Note that breaking the targeted level will complete forming negative pattern that has negative targets that extend to reach 1.3435$ areas, while on the other hand, we should note that breaching 1.3690$ and holding above it will stop the negative scenario and lead the price to regain the bullish trend again.
The expected trading range for today is between 1.3600$ support and 1.3740$ resistance.
Trend forecast: Bearish
Origin: Economies
