The USDCAD pair surpassed 1.3500 level to reach 1.3540 level, but it ended yesterday with clear negativity to attack this level, starting today with more decline to settle below it, which hints heading to turn to decline, but we notice that the technical indicators provide positive signals that might assist to push the price to recover again.
Therefore, we prefer to stay aside until the price confirms its situation according to 1.3500 level, noting that holding below it will push the price to continue the decline and head towards 1.3425 followed by 1.3350 levels as main negative stations, while stepping above it will reactivate the positive scenario that its next target located at 1.3605.
The expected trading range for today is between 1.3420 support and 1.3550 resistance.
The expected trend for today: Neutral
Origin: Economies
