The USDCAD pair finds solid support at 1.3350 to show some bullish bias and test 1.3400 barrier, noticing that stochastic shows overbought signals now, which supports the chances of resuming the negative trading that its targets begin by breaking 1.3350 followed by rallying towards 1.3255 as a next negative station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3420 will stop the expected decline and push the price to achieve additional gains that reach 1.3500.
The expected trading range for today is between 1.3310 support and 1.3440 resistance.
The expected trend for today: Bearish
Origin: Economies
