The USDCAD pair traded with strong negativity yesterday to break 1.3310 level and settles below it again, which supports our expectations of the bearish trend efficiently in the upcoming sessions, targeting visiting 1.2985 level mainly, supported by the negative overlapping signal provided now by stochastic.
Therefore, we are waiting for more decline today, noting that breaching 1.3310 and holding above it will push the price to achieve positive targets that start at 1.3475 and might extend to 1.3574.
Expected trading range for today is between 1.3100 support and 1.3310 resistance.
Expected trend for today: Bearish
Origin: Economies
