The USDCAD pair didn’t show any strong move yesterday, to keep fluctuating near 1.3310 level, keeping the price confirmed between the critical levels that represented by 1.3265 support and 1.3420 resistance, and as we mentioned in our last reports, the price needs to breach one of these levels to detect its next trend clearly, which keeps our neutral attitude valid until now.
Note that breaching the resistance at 1.3420 will lead the price to visit 50% Fibonacci correction level at 1.3574 directly, while breaking the support at 1.3265 represents negative factor that will push the trading to target 1.2985 levels initially.
Expected trading range for today is between 1.3220 support and 1.3420 resistance.
Expected trend for today: Neutral