The USDCAD pair provided more negative trades yesterday to approach our waited target at 1.3128, showing some sideways fluctuation now, affected by stochastic, waiting to resume the bearish bias supported by the negative pressure provided by the EMA50.
We will continue to suggest the bearish trend in the upcoming sessions unless we witnessed clear breach and hold above 1.3245, noting that breaking 1.3128 will push the price towards 1.3000 as a next main station.
Expected trading range for today is between 1.3100 support and 1.3245 resistance.
Expected trend for today: Bearish