The USDCAD pair shows negative trades to approach 1.3362 level, motivated by the negative signal provided by stochastic, which supports the chances of breaking the mentioned level to open the way to head towards 1.3270 as a next negative station.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the EMA50 that presses negatively on the price, noting that breaching 1.3465 will push the price to achieve intraday gains and test 1.3612 areas before any new attempt to decline.
The expected trading range for today is between 1.3390 support and 1.3450 resistance.
The expected trend for today: Bearish
Origin: Economies
