The USDCAD pair tested the key resistance 1.3620 and bounced bearishly from there, as the EMA50 formed good resistance against the price, accompanied by witnessing negative overlapping signal on the four hours’ time frame, waiting to motivate the price to provide more negative trades and head toward our main expected target at 1.3500.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3620.
The expected trading range for today is between 1.3520 support and 1.3640 resistance.
The expected trend for today: Bearish
Origin: Economies
