The USDCAD pair broke 1.3500 level strongly to rally towards our next waited negative target at 1.3450, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, waiting to visit 1.3350 that represents our next negative target.
The EMA50 continues to support the suggested bearish wave, and breaking the last level will push the price to 1.3275 areas as a next main station, while breaching 1.3500 will lead the price to attempt to start bullish wave on the intraday basis, its targets reach 1.3650 – 1.3680 levels.
The expected trading range for today is between 1.3350 support and 1.3490 resistance.
The expected trend for today: Bearish