The USDCAD pair provided new positive trades to attempt to breach 1.3500 level again, but it keeps its stability below it, which keeps our bearish overview valid, waiting to resume the bearish wave that targets 1.3350 as a next main station.
Stochastic shows clear negative signals now, to support the expectations to decline in the upcoming sessions, noting that breaching 1.3500 will stop the negative scenario and lead the price to build bullish wave on the intraday basis, its main target reaches 1.3680.
The expected trading range for today is between 1.3410 support and 1.3550 resistance.
The expected trend for today: Bearish
Origin: Economies
