The USDCAD pair trades positively to breach the key resistance 1.3205 again, noticing that the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to suggest the bearish trend for the upcoming period, which targets 1.3040 areas mainly, reminding you that breaching 1.3205 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.3100 support and 1.3250 resistance.
The expected trend for today: Bearish
Origin: Economies
