The USDCAD pair attempted to rise yesterday but it stopped at the EMA50 that formed solid resistance against the price, to decline again and press on 1.3350 level, waiting to break this level to confirm the continuation of the bearish trend domination and head towards our next target at 1.3205.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3420.
The expected trading range for today is between 1.3270 support and 1.3420 resistance.
The expected trend for today: Bearish