The USDCAD pair traded with clear negativity in the previous sessions to attack the key support that declines to 1.3450, noticing that the price attempts to consolidate above it, to remain stuck between the trend keys represented by the mentioned support and 1.3500 resistance, which makes us continue with our neutrality until the price confirms surpassing one of these levels followed by detecting the next destination clearly.
We remind you that breaking the support will put the price under additional negative pressure that targets 1.3350 areas initially, while breaching the resistance represents the key to resume the bullish wave that its next targets located at 1.3600 followed by 1.3680.
The expected trading range for today is between 1.3380 support and 1.3530 resistance.
The expected trend for today: Neutral
Origin: Economies
