The USDCAD pair shows calm negative trades, to gradually approach our waited target at 1.3350, and we suggest surpassing this level to open the way to rally towards 1.3205 as a next negative target, as the price is falling under continuous negative pressure coming by the EMA50.
Holding below 1.3500 is important to continue the suggested decline, as breaching it represents the key to start recovery attempts that target visiting 1.3565 followed by 1.3680 levels as main positive stations.
The expected trading range for today is between 1.3330 support and 1.3470 resistance.
The expected trend for today: Bearish
Origin: Economies
