The USDCAD price touched 1.3945$ level and found solid support there, to show some slight bullish bias, noticing that stochastic loses the positive momentum clearly, to support the chances of resuming the negative trades and break the mentioned support to confirm heading towards 1.3845$ as a next negative station.
Therefore, our bearish overview will remain valid on the intraday basis, noting that breaching 1.3995$ will push the price back to the bullish channel to resume the main bullish track again.
The expected trading range for today is between 1.3890$ support and 1.4020$ resistance
Trend forecast: Bearish
Origin: Economies
