The USDCAD pair rallied upwards strongly yesterday to breach 1.3620 and touch the key resistance 1.3680, which formed solid barrier against the bullish rally, to start bounced bearishly by today’s open, motivated by stochastic negativity, to expect the continuation of the bearish bias for today and head to visit 1.3500 areas mainly.
Therefore, the bearish trend will be expected in the upcoming sessions unless breaching 1.3680 and holding above it.
The expected trading range for today is between 1.3550 support and 1.3680 resistance.
The expected trend for today: Bearish
Origin: Economies
