The USDCAD pair broke 1.4015 level and closed the daily candlestick below it, to depend on this negative close to suggest the continuation of the bearish trend domination in the upcoming sessions despite today’s positive open, waiting to head towards 1.3813 as a next negative station.
Therefore, we are waiting for negative trades today, supported by the negative pressure formed by the EMA50, noting that failing to consolidate below 1.4015 will push the price to visit 1.4264 areas before any new attempt to decline.
The expected trading range for today is between 1.3950 support and 1.4120 resistance.
The expected trend for today: Bearish