The USDCAD pair shows more bearish bias to fluctuate around 1.3400, facing continuous negative pressure coming by the EMA50, which supports the expectations of continuing the bearish trend that targets testing 1.3362 as a next station.
Holding below 1.3495 represents key condition to continue the suggested decline, noting that surpassing the targeted level will push the price to achieve more negative targets that reach 1.3270.
The expected trading range for today is between 1.3330 support and 1.3495 resistance.
The expected trend for today: Bearish
Origin: Economies
