The USDCAD pair did not show any strong move yesterday, to continue fluctuating around 1.3020, and the EMA50 continues to press negatively on the price, while stochastic continues to provide the negative signals on the four hours’ time frame.
Therefore, our bearish overview will remain valid on the intraday and short term basis, which conditions the price stability below 1.3100, reminding you that our targets begin by surpassing 1.2960 to head towards 1.2885.
The expected trading range for today is between 1.2930 support and 1.3080 resistance.
The expected trend for today: Bearish