The USDCAD pair traded negatively in the previous sessions to break 1.3280 level and settles below it, to activate the bearish trend scenario on the intraday basis, on its way to test 1.3205 as a first negative station.
Therefore, the bearish bias will be expected for today, and breaking the targeted level will extend the bearish wave to reach 1.3120 areas as a next main target, noting that breaching 1.3280 will motivate the price to start recovery attempts and achieve intraday gains that target visiting 1.3350 level initially.
The expected trading range for today is between 1.3180 support and 1.3310 resistance.
The expected trend for today: Bearish
Origin: Economies
