The USDCAD pair provided negative trading yesterday, starting today with more decline to support the continuation of our bearish overview efficiently in the upcoming sessions, and the way is open to visit 1.2985 level that represents the next main target of the current bearish wave.
Therefore, we will continue to suggest the bearish trend for today unless breaching 1.3310 level and holding above it, being aware that it is important to monitor the price behavior when reaching the targeted level, due to its importance to detect the next targets on the longer term basis.
Expected trading range for today is between 1.3020 support and 1.3220 resistance.
Expected trend for today: Bearish
Origin: Economies
