The USDCAD pair opens today’s trading with clear negativity to attack 1.3286 level, which urges caution from the upcoming trading, as continuing the bearish bias and closing the daily candlestick below this level will stop the recently suggested positive scenario and press on the price to turn to decline.
Stochastic gets rid of its negative momentum to support the chances of resuming the expected bullish trend for the upcoming period.
The expected trading range for today is between 1.3220 support and 1.3370 resistance.
The expected trend for today: Bullish