The USDCAD pair shows sideways trading since yesterday and keeps its stability below 1.3310 level, thus, the bearish trend scenario still active until now, which targets testing 1.2985 level on the near term basis.
We should note that breaching 1.3310 level and holding above it will stop the suggested decline and lead the price to start bullish wave that targets 1.3573 areas mainly.
Expected trading range for today is between 1.3150 support and 1.3310 resistance.
Expected trend for today: Bearish