The USDCAD pair faced strong negative pressure yesterday to break 1.3680 and settles below it, which pushes the price to achieve new bearish correction in the upcoming sessions, targeting visiting 1.3500 as a next negative station.
Therefore, we expect to witness more decline today, supported by the EMA50, noting that breaching 1.3680 will stop the negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.3520 support and 1.3670 resistance.
The expected trend for today: Bearish
Origin: Economies
