The USDCAD pair broke 1.3500 level clearly and closed the daily candlestick below it, to reactivate the bearish trend scenario and open the way to achieve negative targets that reach 1.3350.
Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50, noting that breaching 1.3500 and holding above it will stop the expected decline and lead the price to attempt to build bullish wave on the intraday basis.
The expected trading range for today is between 1.3380 support and 1.3520 resistance.
The expected trend for today: Bearish
Origin: Economies
