The USDCAD pair succeeded to achieve our first waited target at 1.3415 and surpassed it to confirm the continuation of the bearish trend domination, on its way to test 1.3350 as a next main station.
Therefore, the bearish trend scenario will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, noting that it is important to hold below 1.3500 to continue the expected decline.
The expected trading range for today is between 1.3300 support and 1.3450 resistance.
The expected trend for today: Bearish
Origin: Economies
