The USDCAD pair begins today’s trading with strong decline to move away from 1.3813 level, to press on 1.3700 barrier now, which supports the continuation of our bearish overview on the intraday and short term basis, and we believe that the way is open to achieve our main waited target at 1.3612.
The EMA50 supports the expectations to decline, reminding you that it is important to hold below 1.3813 and 1.3855 levels to continue the suggested negative scenario.
The expected trading range for today is between 1.3630 support and 1.3800 resistance.
The expected trend for today: Bearish
Origin: Economies
