The USDCAD price provided clear positive trades yesterday to attempt to breach the bullish channel’s resistance line, but it returned to decline and hold below it, to keep the bearish trend scenario valid on the intraday basis, and the targets begin by breaking 1.4350$ to confirm opening the way to head towards 1.4220$ mainly.
On the other hand, we should note that breaching 1.4405$ and holding above it will stop the expected bearish trend and push the price to regain the main bullish trend again.
The expected trading range for today is between 1.4310$ support and 1.4430$ resistance
Trend forecast: Bearish
Origin: Economies
