The USDCAD pair ended yesterday with strong negativity to break 1.3500 and settles below it, to fall under expected negative pressure in the upcoming sessions and head towards visiting the bullish channel’s support line around 1.3390, making the bearish bias suggested for today.
Breaking 1.3460 will add more confirmation to the continuation of the bearish trend domination today, while breaching 1.3500 will stop the negative pressure and push the price to resume the main bullish trend again.
The expected trading range for today is between 1.3400 support and 1.3530 resistance.
The expected trend for today: Bearish
Origin: Economies
