The USDCAD price awaits the break – Forecast today – 03-01-2025 – ForexNews.PRO
The USDCAD price shows bearish bias to approach the key support 1.4350$, and as we mentioned in our previous reports, the price needs to break this level to ease the mission of rallying towards our waited negative target at 1.4220$.
Therefore, the bearish trend scenario will remain valid for the upcoming period, supported by stochastic negativity, reminding you that holding below 1.4467$ is important to the continuation of the expected decline.
The expected trading range for today is between 1.4310$ support and 1.4435$ resistance
Trend forecast: Bearish
Origin: Economies
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