The USDCAD pair bounced downwards clearly yesterday after 1.3382 level proved its strength against the pair’s recent positive attempts, to start testing 1.3300 barrier now, waiting for more decline to achieve our waited negative targets that start at 1.3210 and extend to 1.3128.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 1.3382.
The expected trading range for today is between 1.3210 support and 1.3382 resistance.
The expected trend for today: Bearish