The USDCAD pair ended yesterday below 1.3500 level, and by taking a deeper look at the chart, we find that the price is forming double top pattern that we believe it will push the price to decline in the upcoming sessions, to head towards achieving negative targets that start by testing 1.3445 and extend to 1.3350.
Therefore, we expect to witness negative trades today, noting that breaching 1.3500 followed by 1.3520 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.3410 support and 1.3540 resistance.
The expected trend for today: Bearish
Origin: Economies
