The USDCAD pair provided positive trades yesterday to test the intraday bearish channel’s resistance that appears on the chart, and according to the trading rules inside the channels, we expect the price to rebound bearishly and resume the bearish trend again, and the targets begin by surpassing 1.3500 to open the way to head towards 1.3445 followed by 1.3350 as next negative stations.
Therefore, the bearish bias will be expected for today, noting that breaching 1.3565 will stop the expected decline and push the price to continue the rise towards 1.3680 areas on the near-term basis.
The expected trading range for today is between 1.3480 support and 1.3610 resistance.
The expected trend for today: Bearish
Origin: Economies
