The USDCAD pair provided positive trades in the previous sessions to breach the intraday bearish channel’s resistance, to head towards potential test to the key resistance 1.3680, noticing that the EMA50 forms continuous negative pressure against the price, while stochastic shows clear negative signals now.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin by breaking 1.3500 to open the way to head towards 1.3355, reminding you that it is important to hold below 1.3680 to continue the expected decline.
The expected trading range for today is between 1.3540 support and 1.3680 resistance.
The expected trend for today: Bearish
Origin: Economies
