The USDCAD pair couldn’t manage to hold for long time above 1.3205, to rebound bearishly and settles below it again, which puts the price under the negative pressure in the upcoming sessions, on its way to visit 1.3090 followed by 1.3000 levels as main negative stations.
The bearish channel organizes the suggested bearish wave, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish trend requires holding below 1.3205.
The expected trading range for today is between 1.3075 support and 1.3205 resistance.
The expected trend for today: Bearish
Origin: Economies
