The USDCAD price is testing 1.3471$ level and consolidates below it until now, noticing that stochastic lost its positive momentum and begins to overlap negatively, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 1.3360$.
The EMA50 forms negative pressure that supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 1.3471$.
The expected trading range for today is between 1.3400$ support and 1.3520$ resistance.
Trend forecast: Bearish
Origin: Economies
