The USDCAD pair bounced downwards strongly to break 1.3500 level and settles below it, which puts the price under expected negative pressure in the upcoming period, opening the way to achieve negative targets that start at 1.3415 and extend to 1.3350.
The EMA50 forms negative pressure that supports the expected bearish trend, which will remain valid unless breaching 1.3550 and holding above it.
The expected trading range for today is between 1.3385 support and 1.3510 resistance.
The expected trend for today: Bearish
Origin: Economies
