The USDCAD pair resumed its negative trades to test 1.3000 barrier now, approaching our main waited target at 1.2965, waiting for more decline in the upcoming sessions, noting that breaking the last level will extend the bearish wave to reach 1.2885 as a next station.
Therefore, we will continue to suggest the bearish wave on the intraday and short term basis conditioned by the price stability below 1.3100.
The expected trading range for today is between 1.2900 support and 1.3080 resistance.
The expected trend for today: Bearish
Origin: Economies
