The USDCAD pair succeeded to touch our waited target at 1.3205 and surpassed it to settle below it, opening the way to continue the decline on the short term and medium-term basis, to head towards visiting 1.3100 areas as a next main station.
Therefore, the bearish trend will remain dominant in the upcoming sessions, noting that breaching 1.3205 and holding above it might push the price to start recovery attempts and build bullish wave on the intraday basis.
The expected trading range for today is between 1.3120 support and 1.3250 resistance.
The expected trend for today: Bearish
Origin: Economies
