The USDCAD price begins today with clear negativity after finding solid resistance at the recently recorded high at 1.3958$, to head towards achieving new bearish correction, its targets begin at 1.3831$, noting that breaking this level will extend the bearish wave to reach 1.3753$ as a next negative station.
Therefore, the bearish bias will be expected for today, noting that breaching 1.3958$ will stop the negative pressure and push the price to resume the bullish track again.
The expected trading range for today is between 1.3830$ support and 1.3960$ resistance
Trend forecast: Bearish
Origin: Economies
