The USDCAD pair ended yesterday positively to attack 1.3350 level, but it begins today negatively to attempt to move below this level again, accompanied by stochastic loss to the positive momentum and reach the overbought areas, which encourages us to suggest the bearish bias in the upcoming sessions, noting that the main expected target reaches 1.3255.
On the other hand, we should note that breaching 1.3365 will lead the price to turn to rise and build bullish wave that targets 1.3500 areas mainly.
The expected trading range for today is between 1.3270 support and 1.3410 resistance.
The expected trend for today: Bearish
Origin: Economies
