The USDCAD pair bounced bearishly after 1.3680 formed solid resistance barrier against the price, to head towards resuming the bearish trend on the intraday basis, on its way to achieve negative targets that start at 1.3570 and extend to 1.3500.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 1.3680 and hold with a daily close above it.
The expected trading range for today is between 1.3560 support and 1.3700 resistance.
The expected trend for today: Bearish
Origin: Economies
