The USDCAD pair rallied upwards strongly to breach 1.3350 level and settles above it, but we notice that the price presses on this level to hint the attempt to break it and trade below it again, accompanied by witnessing clear negative signals through stochastic, while the EMA50 keeps pressing negatively on the price.
Therefore, we believe that the chances valid to resume the main bearish wave, which its next target located at 1.3250, noting that failing to break 1.3350 will push the price to achieve additional gains that reach 1.3455.
The expected trading range for today is between 1.3280 support and 1.3420 resistance.
The expected trend for today: Bearish
Origin: Economies
