The USDCAD pair tested 1.4264 again and bounced bearishly from there, to keep its stability below this level, noticing that the price moves inside the correctional bearish channel that appears on the chart, to keep the bearish trend scenario active for the upcoming period, which targets 1.4015 level initially.
We remind you that breaking the mentioned level will extend the bearish wave to reach 1.3813, while breaching 1.4264 represents positive factor that will stop the current bearish correction and push the price back to the main bullish track.
The expected trading range for today is between 1.4000 support and 1.4250 resistance.
The expected trend for today: Bearish