The USDCAD pair provided clear negative trades yesterday to approach our new waited target at 1.3255, to support the expectations of continuing the bearish trend on the intraday and short-term basis, noting that surpassing the mentioned level will push the price to 1.3205 as a next main target.
Stochastic current positivity might push the price to provide some temporary sideways fluctuation before resuming the expected bearish bias, noting that the continuation of the bearish wave requires holding below 1.3350.
The expected trading range for today is between 1.3210 support and 1.3350 resistance.
The expected trend for today: Bearish
Origin: Economies
