The USDCAD pair resumed its negative trades clearly yesterday to succeed achieving our second waited target at 1.4015, starting today with bearish bias to press on this level, hinting the price head to visit the next correctional level that reaches 1.3813, as the price affected by the previously completed double top pattern that its signs appear on the chart.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that failing to break 1.4015 will lead the price to start recovery attempts that target testing 1.4264 level initially.
The expected trading range for today is between 1.3900 support and 1.4100 resistance.
The expected trend for today: Bearish