USD#

The USD/CAD pair attempted to break 1.3500 in the previous sessions but closed the daily candle below it, keeping the bearish trend scenario active, awaiting a negative catalyst that contributes to pushing the price to achieve our main expected target at 1.3350.

Breaking the level of 1.3470 will facilitate the price's task of achieving the expected decline, while breaking 1.3500 will be a positive factor that will push the price to recover and achieve gains up to 1.3680.

The expected trading range for today is between support at 1.3410 and resistance at 1.3550.