The USDCAD price provided positive trades to attempt to move above 1.4350$ again, noticing that the EMA50 forms good negative pressure against the price, accompanied by stochastic loss to the positive momentum clearly.
Therefore, these factors encourage us to keep our bearish overview on the intraday basis, noting that our waited targets are located at 1.4260$ and might extend to 1.4220$, while failing to consolidate below 1.4350$ might push the price to achieve intraday gains and visit 1.4467$ as a first positive station.
The expected trading range for today is between 1.4275$ support and 1.4400$ resistance
Trend forecast: Bearish
Origin: Economies
