The USDCAD pair shows additional negative trades to move away gradually from 1.3350 level, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, organized inside bearish channel that supports the chances of heading towards our next negative station at 1.3205.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3350.
The expected trading range for today is between 1.3240 support and 1.3385 resistance.
The expected trend for today: Bearish