The USDCAD pair ended yesterday negatively below 1.3205 level, to stop the recently suggested rise and head to decline again, opening the way to achieve negative targets that start at 1.3090 and extend to 1.2960.
Therefore, we are waiting for expected negative trades in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave depends on the price stability below 1.3205.
The expected trading range for today is between 1.3110 support and 1.3250 resistance.
The expected trend for today: Bearish
Origin: Economies
