The USDCAD pair continued to decline to break 1.3350 level and close yesterday below it, which pushes the price to turn to decline and head to achieve negative targets that start at 1.3290 and extend to 1.3205 after surpassing the previous level.
Therefore, the bearish bias will be suggested for today, and breaking 1.3325 will ease the mission of achieving the expected targets, while breaching 1.3350 represents the key to return to rise and attempt to build new bullish wave on the intraday basis.
The expected trading range for today is between 1.3270 support and 1.3400 resistance.
The expected trend for today: Bearish
Origin: Economies
