The USDCAD pair opened today’s trading with strong negativity to break the bullish channel’s support line and settles below it, which turns the intraday track to decline to target the key support 1.3128 mainly.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.3275 level and hold above it again.
Expected trading range for today is between 1.3140 support and 1.3275 resistance.
Expected trend for today: Bearish