The USDCAD pair attempted to breach 1.3385 level but it closed yesterday below it, starting today with slight bearish bias in attempt to resume the expected bearish trend on the intraday and short term basis, which its targets begin by breaking 1.3350 to open the way to rally towards 1.3265.
Stochastic provides negative signals that support the continuation of the suggested bearish wave, taking into consideration that breaching 1.3385 will push the price to attempt to recover and head to test 1.3500 areas on the near term basis.
The expected trading range for today is between 1.3300 support and 1.3430 resistance.
The expected trend for today: Bearish
Origin: Economies
