The USDCAD pair traded with clear negativity to test the key support 1.3205, and the price needs to hold above this level to keep the bullish trend scenario active, as breaking it will push the price to test 1.3128 level before any new attempt to rise.
Therefore, we expect the price bullish rebound to head towards 1.3382 mainly, taking into consideration that the continuation of the negative pressure and breaking 1.3128 will turn the intraday and short term track to decline.
The expected trading range for today is between 1.3150 support and 1.3300 resistance.
The expected trend for today: Bullish