The USDCAD pair shows slight bullish bias to approach from retesting 1.3310 level that forms critical resistance after breaking it previously, as long as the price below this level, so our bearish trend expectations will remain valid in the upcoming period, reminding you that the next main target at 1.2985.
The EMA50 keeps supporting the suggested bearish wave, reminding you that breaching 1.3310 will lead the price to achieve intraday gains that begin at 1.3465 and extend to 1.3574.
Expected trading range for today is between 1.3150 support and 1.3310 resistance.
Expected trend for today: Bearish
Origin: Economies
