The USDCAD pair shows some slight bullish bias, noticing that the recent trades are confined within bearish flag pattern that appears on the chart, thus, breaking 1.3200 will activate the negative effect of this pattern and push the price to resume the main bearish trend, reminding you that our next target reaches 1.3100.
Therefore, we suggest witnessing new negative trades in the upcoming sessions, noting that breaching 1.3235 will stop the expected decline and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1.3150 support and 1.3280 resistance.
The expected trend for today: Bearish
Origin: Economies
