The USDCAD pair bounced bullishly yesterday to test the key resistance 1.3605, noticing that the price keeps its stability below it, to keep the bearish trend scenario valid for the upcoming period, supported by the negative signals provided by stochastic now, waiting to resume the bearish wave that targets 1.3500 as a next station.
The EMA50 supports the expected decline, reminding you that breaching 1.3605 will push the price to achieve intraday gains and visit 1.3680 level mainly.
The expected trading range for today is between 1.3500 support and 1.3640 resistance.
The expected trend for today: Bearish
Origin: Economies
