The USDCAD pair retested the broken neckline of the double top pattern and begins to rebound bearishly from there, accompanied by witnessing clear negative signals through stochastic, which supports the chances of resuming the expected bearish trend on the intraday basis, which targets 1.3350 mainly.
On the other hand, we should note that breaching 1.3500 will stop the expected decline and push the price to turn to rise.
The expected trading range for today is between 1.3380 support and 1.3510 resistance.
The expected trend for today: Bearish
Origin: Economies
