The USDCAD pair confirmed breaking 1.3050 level after ending last week below it, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, waiting to achieve negative targets that start at 1.2945 and extend to 1.2863.
Therefore, we are waiting for more decline supported by the EMA50, conditioned by the price stability below 1.3050 and 1.3085 levels.
The expected trading range for today is between 1.2945 support and 1.3100 resistance.
The expected trend for today: Bearish