The USDCAD pair ended yesterday above 1.3350 level, to hint heading to recover and build intraday bullish wave, but we notice that the EMA50 continues to press negatively on the price, while stochastic loses its positive momentum clearly to reach the overbought areas.
Therefore, these factors support the chances of resuming the recently suggested bearish trend, and the targets begin by breaking 1.3350 to open the way to head towards 1.3205, taking into consideration that consolidating above 1.3350 will push the price to achieve intraday gains that reach 1.3500 areas.
The expected trading range for today is between 1.3280 support and 1.3420 resistance.
The expected trend for today: Bearish
Origin: Economies
