The USDCAD pair tested 1.3205 level and bounced bearishly from there, to resume the main bearish trend within the bearish channel that appears on the chart, waiting to head towards 1.3040 as a next main target.
The EMA50 supports the continuation of trading inside the mentioned channel, while stochastic provides negative signals that reinforce the expectations to decline, to continue suggesting the bearish trend for the upcoming period conditioned by the price stability below 1.3205.
The expected trading range for today is between 1.3070 support and 1.3210 resistance.
The expected trend for today: Bearish
Origin: Economies
