The USDCAD pair finds difficulty to consolidate above 1.3680 level, to trade negatively and attack this support now, noticing that the price recorded lower highs that hint heading to decline in the upcoming sessions, to head towards visiting the bullish channel’s support line around 1.3520 mainly.
Therefore, we expect to witness negative trades on the intraday basis, and breaking 1.3660 will ease the mission of achieving the suggested target, while breaching 1.3680 represents positive factor that will lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.3590 support and 1.3730 resistance.
The expected trend for today: Bearish
Origin: Economies
