The USDCAD pair continues to decline to approach our waited target at 1.3500, noting that breaking this level will push the price to suffer more losses and head to visit 1.3350 areas on the near-term basis.
Therefore, the bearish trend scenario will remain active for the upcoming period, noting that breaching 1.3605 will stop the current decline and push the price to test the key resistance 1.3680 before any new attempt to decline.
The expected trading range for today is between 1.3480 support and 1.3600 resistance.
The expected trend for today: Bearish
Origin: Economies
