The USDCAD price fluctuates around the EMA50 that forms good support against the price, waiting to surpass this barrier to visit the first correctional level at 1.3831$, reminding you that breaking this level will extend the bearish wave to reach 1.3753$.
Stochastic loses its positive momentum to support the negative overview, which will remain valid conditioned by the price stability below 1.3960$.
The expected trading range for today is between 1.3830$ support and 1.3965$ resistance
Trend forecast: Bearish
Origin: Economies
