The AUDCAD price surrendered to the negative pressures recently, forming clear negative attack to settle below the bearish channels resistance line at 0.9135, reinforcing the chances of activating the negative track again.

Also, stochastic approach to 20 level will increase the negative pressures, allowing us to suggest more negative attempts that might target 0.9050 level soon, followed by reaching the next main target at 0.8985.

The expected trading range for today is between 0.9050 and 0.9140

Trend forecast: Bearish