Expected scenario: The Canadian dollar witnessed a corrective wave higher against the US dollar, after touching the support areas at 1.3320, to retest the resistance of 1.3380, which is represented in the strong offers area, which is expected to fail to breach it and then return the decline. Once again targeting 1.3275 levels as a second price target, therefore it is possible to concentrate at the current levels in short positions, with the aforementioned price target set

Alternative scenario: In the event that the Canadian dollar breaches the resistance of 1.3400, which is the least likely scenario at the present time, based on the current data, we will witness a positive change in the pair's trading in the short term, with more increases reaching To 1.3475 levels as an initial price target.

Expected general trend: bearish (in case of 1.3400 breach failure).

Expected traffic range: 1.3410 to 1.3260.