The USDCAD pair shows negative trades to move away gradually from 1.3205 level, reinforcing the expectations of continuing the bearish trend, organized inside the bearish channel that appears on the chart, reminding you that our next target is located at 1.3040.
The price might witness some temporary sideways fluctuation affected by stochastic positivity, waiting to get negative motive that assist to push the price to continue the suggested bearish wave, which will remain valid unless the price rallied to breach 1.3205 and hold above it.
The expected trading range for today is between 1.3070 support and 1.3200 resistance.
The expected trend for today: Bearish
Origin: Economies
