The USDCAD price begins today with clear negativity to break the bullish channel’s support line and settles below it, to start bearish correction for the rise that started from 1.3419$ areas, on its way to test 1.3831$ initially, noting that breaking this level will push the price towards 1.3753$ as a next negative station.
Therefore, the bearish bias will be expected for today unless the price rallied to beach 1.3960$ and hold above it.
The expected trading range for today is between 1.3830$ support and 1.3965$ resistance
Trend forecast: Bearish
Origin: Economies
