The USDCAD pair bounced bearishly after testing the intraday bullish channel’s resistance, falling under continuous negative pressure coming by the EMA50, which supports the chances of achieving more expected decline in the upcoming sessions, waiting to visit 1.3112 followed by 1.3045 levels as next main stations.
On the other hand, we should note that the continuation of the bearish wave conditions holding below 1.3245.
The expected trading range for today is between 1.3090 support and 1.3250 resistance.
The expected trend for today: Bearish
Origin: Economies
