The USDCAD pair traded with clear positivity yesterday to retest the broken support of the bullish channel, as it kept its stability below it, to keep the correctional bearish scenario valid for the upcoming period, supported by stochastic current negativity that we are waiting to motivate the price to break 1.3680 to confirm extending the bearish wave towards 1.3500.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching the resistance line that rises now to 1.3820 and holding above it.
The expected trading range for today is between 1.3650 support and 1.3800 resistance.
The expected trend for today: Bearish
Origin: Economies
