The USDCAD pair ended yesterday with clear negativity to break the bullish channel’s support line and settles below it, to head towards potential visit to the key support 1.3500 before turning back to rise again.
Therefore, the bearish bias will be suggested for today, noting that the expected decline is temporary, waiting to resume the bullish wave again, taking into consideration that breaching 1.3590 will stop the negative scenario and lead the price to return to the bullish channel.
The expected trading range for today is between 1.3500 support and 1.3640 resistance.
The expected trend for today: Bearish temporarily
Origin: Economies
