The USDCAD pair kept the daily close stability below 1.3310 level, keeping the bearish trend valid in the upcoming period, supported by the EMA50, waiting for more of the downside moves that target testing 1.2985 level mainly.
Stochastic current positivity might push the price to retest 1.3310 level before the return to decline again, being aware that breaching this level will stop the expected decline and leads the price to test 1.3430 level and it might extend to 1.3574 before any new negative attempt.
Expected trading range for today is between 1.3130 support and 1.3310 resistance.
Expected trend for today: Bearish
Origin: Economies
