The USDCAD pair traded with strong negativity yesterday to break 1.3755 and reach the key support 1.3680, noticing that the price recorded lower highs that make us suggest the continuation of the negative pressure in the upcoming sessions, noting that breaking the mentioned support will push the price to 1.3615 as a next negative station, and the chances valid to achieve additional decline that its next target reaches 1.3500 areas.
Therefore, the bearish trend will remain expected for the upcoming period, taking into consideration that the consolidation of 1.3680 level against the current negative pressure will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 1.3610 support and 1.3750 resistance.
The expected trend for today: Bearish
Origin: Economies
