The USDCAD pair managed to achieve our first waited target at 1.3040, waiting for more decline to head towards the previously recorded low at 1.2965 as a next main station, noting that moving below the EMA50 supports the chances of achieving the waited negative targets.
Therefore, the bearish bias will remain suggested in the upcoming sessions, noting that holding below 1.3130 is important to continue the expected decline.
The expected trading range for today is between 1.3000 support and 1.3160 resistance.
The expected trend for today: Bearish