The USDCAD pair finds difficulty to break 1.3350 level, to show sideways trades around this level since yesterday, while the EMA50 forms continuous negative pressure against the price, to support the expectations of extending the bearish wave and head towards 1.3205 areas as a next main target.
Therefore, our bearish overview will remain valid, noting that failing to break 1.3350 will push the price to build intraday bullish wave that targets visiting 1.3500 level initially.
The expected trading range for today is between 1.3290 support and 1.3420 resistance.
The expected trend for today: Bearish
Origin: Economies
