The USDCAD pair managed to achieve our first waited target at 1.3780 and surpassed it to settle below it, confirming the continuation of the bearish trend domination on the intraday basis, and the way is open to reach our second target at 1.3680.
Therefore, we are waiting for more expected decline in the upcoming sessions, and we need to monitor the price when reaching the suggested target, as breaking it represents the key to continue the decline to achieve additional negative targets that reach 1.3570, while consolidating against the current negative pressure will push the price to attempt to build new bullish wave.
The expected trading range for today is between 1.3660 support and 1.3800 resistance.
The expected trend for today: Bearish
Origin: Economies
