The USDCAD pair trades positively to crawl gradually towards the key resistance 1.3100, noticing that the EMA50 forms negative pressure against the price, waiting to rebound bearishly to resume the recently suggested bearish trend, which targets 1.2960 followed by 1.2885 levels as next main stations.
On the other hand, we should note that breaching 1.3100 will stop the expected decline and leads the price to achieve more gains that start at 1.3255 and extend to 1.3362.
The expected trading range for today is between 1.3000 support and 1.3130 resistance.
The expected trend for today: Bearish