The USDCAD pair fluctuates within sideways and tight track since yesterday, settling around 1.3260, noticing that stochastic loses the positive momentum clearly to approach the overbought areas, which supports the chances of resuming the main bearish trend, which its next target located at 1.3128.
Therefore, the bearish trend will remain suggested for today conditioned by the price stability below 1.3382.
The expected trading range for today is between 1.3180 support and 1.3320 resistance.
The expected trend for today: Bearish