The USDCAD price shows new negative trades to move below 1.4000$ level now, reinforcing the expectations of starting the bearish correction that its next main target located at 1.3890$.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.4065$ will stop the expected decline to return to the main bullish trend again.
The expected trading range for today is between 1.3920$ support and 1.4040$ resistance
Trend forecast: Bearish
Origin: Economies
