The USDCAD pair attempted to breach the key resistance 1.3540 but it bounced bearishly to trade at 1.3500 support line now, and as we mentioned in our last report, these levels represent the next trend keys, as the price needs to breach one of them to detect its next destination clearly, which keeps our neutrality valid until now.
We remind you that breaking the mentioned support will push the price to resume the main bearish trend that its targets begin at 1.3350, while breaching the resistance will lead the price to achieve new gains that start at 1.3600 and extend to 1.3680.
The expected trading range for today is between 1.3430 support and 1.3560 resistance.
The expected trend for today: Neutral
Origin: Economies
