The USDCAD pair shows more bearish bias to reach 1.3400 barrier, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which targets 1.3350 as a next station.
Stochastic loses its positive momentum clearly, waiting to motivate the price to resume the negative trades, noting that breaking the targeted level will extend the bearish wave to reach 1.3205 area, while the continuation of the bearish bias depends on the price stability below 1.3500.
The expected trading range for today is between 1.3350 support and 1.3490 resistance.
The expected trend for today: Bearish
Origin: Economies
