The USDCAD pair found difficulty to surpass 1.3130 level, to rebound bearishly and start pressing on the key support 1.3050 again, which hints the price head to break this level and head to continue the bearish wave on the short term basis, which started from 1.3565 areas.
Therefore, we expect witnessing more decline in the upcoming sessions unless the price rallied to breach 1.3130 level and hold above it, noting that the next main target is located at 1.2945.
The expected trading range for today is between 1.2960 support and 1.3130 resistance.
The expected trend for today: Bearish