The USDCAD pair traded with clear negativity to succeed achieving our waited target at 1.3120, noticing that the price broke this level to confirm opening the way to continue the decline on the intraday basis, noting that the next target is located at 1.3025.
Therefore, we expect to witness more bearish bias in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration 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 1.3020 support and 1.3150 resistance.
The expected trend for today: Bearish
Origin: Economies
