The USDCAD pair traded with clear negativity yesterday to attack 1.3455 level, to hint heading to activate the negative scenario on the intraday basis, targeting visiting 1.3350 mainly.
Therefore, the bearish bias will be suggested for today, supported by stochastic loss to the positive momentum clearly, in addition to the resistance formed by the EMA50 against the price, noting that breaching 1.3500 will stop the negative scenario and push the price to recover on the intraday basis.
The expected trading range for today is between 1.3380 support and 1.3520 resistance.
The expected trend for today: Bearish
Origin: Economies
