The USDCAD pair shows more bearish bias, affected by the previously completed triple top pattern, falling under continuous negative pressure coming by the EMA50, to support the continuation of the expected bearish trend on the intraday basis, and the way is open to achieve our waited target at 1.3500.
Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected decline, reminding you that it is important to hold below 1.3650 and 1.3680 levels to continue the suggested bearish wave.
The expected trading range for today is between 1.3490 support and 1.3620 resistance.
The expected trend for today: Bearish
Origin: Economies
