The USDCAD pair provided positive trades to approach the key resistance 1.3205, noticing that the EMA50 forms negative pressure that prevents the price from achieving more rise, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next targets located at 1.3090 followed by 1.2955 levels, while achieving these targets requires holding below 1.3205.
The expected trading range for today is between 1.3090 support and 1.3210 resistance.
The expected trend for today: Bearish
Origin: Economies
