The USDCAD pair managed to surpass our first target at 1.3310 and settled with a daily close below it, which supports the continuation of our bearish overview efficiently in the upcoming sessions, opening the way to head towards 1.2985 as a next main station.
Therefore, the bearish trend will remain suggested on the intraday and short term basis supported by the negative pressure formed by the EMA50, noting that breaching 1.3310 will push the price to achieve some gains that start at 1.3425 and extend to 1.3574 before any new attempt to decline.
Expected trading range for today is between 1.3130 support and 1.3310 resistance.
Expected trend for today: Bearish
Origin: Economies
