The USDCAD pair trading settles below 1.3155 level, keeping the negative pressure valid on the intraday and short term basis, and we expect the continuation of the decline to visit 1.3015 level as a next main station.
The EMA50 supports the expectations of the bearish trend continuation, reminding you that the expected decline continuation requires holding below 1.3155 and 1.3200 levels.
The expected trading range for today is between 1.3050 support and 1.3200 resistance.
The expected trend for today: Bearish