The USDCAD pair retested the previously broken support of the intraday bullish channel and bounced bearishly from there, accompanied by witnessing negative signals through stochastic, while the EMA50 forms negative pressure against the price.
Therefore, the bearish trend will remain active for the upcoming period conditioned by the price stability below 1.3382, reminding you that our waited targets begin at 1.3210 and extend to 1.3128.
The expected trading range for today is between 1.3230 support and 1.3382 resistance.
The expected trend for today: Bearish