The USDCAD pair declined strongly yesterday to reach few pips away from our waited target at 1.3500, moving within intraday bearish channel that supports the chances of continuing the bearish bias and surpass the mentioned level to open the way to head towards the next correctional level at 1.3355.
Therefore, the bearish trend scenario will remain dominant in the upcoming sessions, taking into consideration that breaching 1.3680 will stop the current bearish correction and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.3470 support and 1.3620 resistance.
The expected trend for today: Bearish
Origin: Economies
