The USDCAD pair bounced clearly to the downside after reaching the sideways range resistance at 1.3310, to start bearish wave that targets visiting this range's support line at 1.2985, supported by moving below the EMA50.
In general, the sideways scenario still dominating the intraday trading until the price manages to breach one of the above mentioned levels, reminding you that breaching 1.3310 level will extend the correctional bullish wave to reach 1.3574 direct, while breaking 1.2985 level will push the price back to the main bearish track that its next target located at 1.2459.
Expected trading range for today is between 1.3050 support and 1.3310 resistance.