The USDCAD pair provided mixed trades on last Friday, as it tested the key resistance 1.3500 and bounced bearishly from there, to resume the expected bearish trend on the intraday basis, approaching our waited target at 1.3350, and we suggest breaking this level to open the way to head towards 1.3205 as a next negative target.
Therefore, the bearish trend scenario will remain active for the upcoming period unless breaching 1.3500 and holding with a daily close above it.
The expected trading range for today is between 1.3310 support and 1.3470 resistance.
The expected trend for today: Bearish