The USDCAD pair rose temporarily yesterday and bounced bearishly to settle around 1.3500, which keeps our bearish overview valid for the upcoming period, which targets 1.3450 followed by 1.3362 levels as next main stations.
The EMA50 keeps pressing negatively on the price to support the expectations to decline, which will remain valid unless the price rallied to breach 1.3612 and hold above it.
The expected trading range for today is between 1.3420 support and 1.3600 resistance.
The expected trend for today: Bearish