The USDCAD pair attempted to breach 1.3205 level yesterday, but it bounced bearishly to keep its stability below the mentioned level, noticing that the price begins today with bearish bias to move away from this level and support the continuation of the expected bearish trend scenario on the intraday basis, reminding you that our expected targets begin at 1.3090 and extend to 1.3000.
Stochastic provides negative signals that motivate the price to provide more expected negative trades, noting that holding below 1.3205 represents key condition to continue the bearish wave.
The expected trading range for today is between 1.3090 support and 1.3230 resistance.
The expected trend for today: Bearish
Origin: Economies
