The USDCAD pair confirmed breaking the key support areas located between 1.3264 and 1.3245 after ending last week below them, which opens the way to continue the bearish wave on the short term basis, to head towards visiting the previously recorded bottom at 1.2825 as a next main station.
The EMA50 continues to support trading inside the bearish channel that appears on chart, while stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected bearish wave, which its continuation conditions holding below 1.3264 and the most important below 1.3536.
Expected trading range for today is between 1.3100 support and 1.3300 resistance.
Expected trend for today: Bearish
Origin: Economies
