The USDCAD pair succeeded to touch our waited target at 1.3205 and presses negatively on it in attempt to break it, to hint heading to achieve more decline on the longer-term basis, paving the way to head towards 1.3120 as a next negative station.
Therefore, we expect the continuation of the bearish bias in the upcoming sessions, taking into consideration that the consolidation of 1.3205 level against the current negative pressure might push the price to attempt to build intraday bullish wave that targets visiting 1.3350 level mainly.
The expected trading range for today is between 1.3130 support and 1.3260 resistance.
The expected trend for today: Bearish
Origin: Economies
