The USDCAD pair broke 1.3680 level strongly and surpasses the bullish channel’s support line that appears on the chart, to activate the bearish trend scenario on the intraday basis, opening the way to achieve negative targets that reach 1.3500 areas.
Therefore, the bearish bias will be expected for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1.3680 will stop he expected decline and push the price to attempt to recover.
The expected trading range for today is between 1.3670 support and 1.3700 resistance.
The expected trend for today: Bearish
Origin: Economies
