The USDCAD pair keeps its stability below the key resistance 1.3264, besides the price stability below the previously broken main bullish trend line as appears on image, thus, we believe that the chances are valid to rebound bearishly after the return of the markets to trade and resume the bearish trend on the short term basis, waiting to visit 1.2825 level as a next main station.
It is important to note that breaching 1.3264 followed by 1.3345 levels will stop the suggested negative scenario and lead the price to attempt to regain the main bullish trend.
Expected trading range for today is between 1.3150 support and 1.3300 resistance.
Expected trend for today: Bearish
Origin: Economies
