The USDCAD pair resumes its negative trades by today’s opening, noticing that stochastic provides negative overlapping signal on the four hours’ time frame, which motivates the price to provide more negative trades in the upcoming sessions, as our next target is located at 1.3105.
Therefore, our bearish overview will remain valid for today, noting that holding below 1.3286 is important to continue the suggested negative scenario.
The expected trading range for today is between 1.3120 support and 1.3286 resistance.
The expected trend for today: Bearish