The USDCAD pair managed to break 1.3205 level and close the daily candlestick below it, reinforcing the expectations of continuing the domination of the bearish trend, on its way to visit 1.3120 as a next negative target.
Stochastic loses the positive momentum clearly, waiting to motivate the price to provide more decline in the upcoming sessions, noting that the continuation of the bearish wave depends on the price stability below 1.3205.
The expected trading range for today is between 1.3100 support and 1.3240 resistance.
The expected trend for today: Bearish
Origin: Economies
