The USDCAD pair managed to achieve our waited target at 1.3205, noticing that the price closed the last daily candlestick below it, which supports the chances of continuing the domination of the bearish trend in the upcoming sessions, paving the way to head towards 1.3140 as a next target.
Therefore, we are waiting for more expected decline on the intraday basis, it might be preceded by some temporary rise affected by stochastic positivity, noting that breaching 1.3260 will stop the expected decline and push the price to achieve intraday gains and visit 1.3350 before any new negative attempt.
The expected trading range for today is between 1.3140 support and 1.3270 resistance.
The expected trend for today: Bearish
Origin: Economies
