The USDCAD pair rallied downwards strongly yesterday to succeed hitting our waited target at 1.3612 and broke it to close the daily candlestick below it, which opens the way to extend the bearish wave on the short term and medium term basis, noting that the next negative stations begin at 1.3450 and extend to 1.3362.
Therefore, the bearish trend will remain suggested in the upcoming sessions unless breaching 1.3612 level and holding above it.
The expected trading range for today is between 1.3470 support and 1.3612 resistance.
The expected trend for today: Bearish