The USDCAD pair shows tight trades in the previous sessions, to continue fluctuating around 1.3205 level, noticing that stochastic loses its positive momentum clearly, while the EMA50 continues to form negative pressure against the price.
Therefore, we believe that the chances valid to resume the main bearish trend, which its next target located at 1.3140, reminding you that breaching 1.3260 will push the price to rise and test 1.3350 before any new attempt to decline.
The expected trading range for today is between 1.3150 support and 1.3280 resistance.
The expected trend for today: Bearish
Origin: Economies
