The USDCAD pair tested 1.3612 level and kept its stability below it, to keep the bearish trend scenario valid for the upcoming period, waiting to get negative motive that pushes the price to head towards our main expected target at 1.3362.
Note that the continuation of the bearish wave depends on the price stability below 1.3612, as breaching it will push the price to turn to rise and head towards visiting the main bearish channel’s resistance at 1.3813 before any new attempt to decline.
The expected trading range for today is between 1.3460 support and 1.3612 resistance.
The expected trend for today: Bearish