The USDCAD pair resumed its negative trading to break 1.3350 and settles below it again, reinforcing the expectations of continuing the main bearish trend, which targets 1.3205 as a next main station.
Therefore, the bearish bias will remain suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, it might be preceded by some temporary sideways fluctuation affected by stochastic positivity, noting that the continuation of the bearish wave requires holding below 1.3350.
The expected trading range for today is between 1.3230 support and 1.3360 resistance.
The expected trend for today: Bearish
Origin: Economies
