The USDCAD pair provided positive trades yesterday to trade above 1.3362, but we notice that the EMA50 forms continuous negative pressure against the price, wait to push the price to resume the main bearish trend, which its next main target located at 1.3270.
On the other hand, we should note that continuing the rise and breaching 1.3395 will stop the suggested decline and push the price to achieve intraday gains that start by testing 1.3440 and might extend to 1.3495 before any new attempt to decline.
The expected trading range for today is between 1.3300 support and 1.3440 resistance.
The expected trend for today: Bearish