The USDCAD pair hovers around 1.3205 level, noticing that stochastic overlaps negatively now, waiting to motivate the price to resume the expected bearish wave for the upcoming period, which targets 1.3100 mainly.
Holding below 1.3205 is important to continue the expected decline, as breaching it will lead the price to attempt to build bullish wave and head to achieve gains that start by visiting 1.3290 and might extend to 1.3350 areas.
The expected trading range for today is between 1.3120 support and 1.3250 resistance.
The expected trend for today: Bearish
Origin: Economies
