The USDCAD pair succeeded to achieve our main waited target at 1.3500, and we notice that the price closed the daily candlestick below this level, to support the chances of continuing the domination of the bearish trend and head to achieve additional negative targets that start at 1.3425 and extend to 1.3355.
Today’s positive start is affected by stochastic positivity, and we will keep our bearish overview unless breaching 1.3540 and holding above it, as breaching this level will put the price in the bullish channel again.
The expected trading range for today is between 1.3430 support and 1.3590 resistance.
The expected trend for today: Bearish
Origin: Economies
