The USDCAD pair traded with strong negativity yesterday to surpass our first waited target at 1.3420 and approaches the main target at 1.3350, noticing that the price rebounds bullishly to head towards potential test to the key resistance 1.3500, affected by stochastic positivity that loses its positive momentum clearly.
In general, we suggest the continuation of the overall bearish trend domination unless the price rallied to breach 1.3500 and hold above it, waiting to visit 1.3350 as a next main target.
The expected trading range for today is between 1.3380 support and 1.3500 resistance.
The expected trend for today: Bearish
Origin: Economies
