The USDCAD pair managed to touch our first waited target at 1.3128, noticing that stochastic loses its positive momentum clearly, while the EMA50 continues to press on the price.
Therefore, we believe that the chances are valid to continue the decline in the upcoming sessions, noting that our next target is located at 1.3075, while achieving it conditions holding below 1.3205.
The expected trading range for today is between 1.3075 support and 1.3205 resistance.
The expected trend for today: Bearish