The USDCAD price managed to touch our waited target at 1.4268$ and found solid support there, to show some slight bullish bias, affected by stochastic positivity, noticing that the indicator is losing its positive momentum gradually, waiting to provide negative motive that push the price to break the mentioned level and open the way to achieve more bearish correction in the upcoming period, reminding you that the next target reaches 1.4106$.
The negative pressure formed by the EMA50 supports the suggested bearish wave, taking into consideration that the consolidation of 1.4268$ level against the negative attempts will push the price to achieve intraday gains and test the key resistance 1.4470$ before any new attempt to decline.
Origin: Economies
