The USDCAD price provided positive trades yesterday to test 1.3471$ level, noticing that stochastic shows big overbought signals, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 1.3360$.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3471$ and holding above it will stop the negative scenario and lead the price to build bullish wave on the intraday basis.
The expected trading range for today is between 1.3400$ support and 1.3530$ resistance.
Trend forecast: Bearish
Origin: Economies
