The USDCAD pair continued to decline to manage to touch the waited extended target at 1.3350, noticing that stochastic loses the positive momentum clearly, which supports the chances of continuing the negative trades in the upcoming sessions to break the mentioned level and open the way to achieve additional negative targets that reach 1.3255.
Therefore, the bearish trend will remain suggested on the intraday and short-term basis, taking into consideration that failing to break 1.3350 will stop the negative scenario and lead the price to attempt to recover and build intraday bullish wave.
The expected trading range for today is between 1.3300 support and 1.3440 resistance.
The expected trend for today: Bearish
Origin: Economies
