The USDCAD pair fluctuates within sideways track settling below the previously broken support of the bearish channel that appears on chart, to keep the overall negative pressure valid until now, supported by the EMA50 that keeps pushing the price downwards, waiting for more decline in the upcoming sessions.
Therefore, we will keep our bearish overview for today, waiting to head towards the previously recorded low at 1.2459 as a next main target, noting that holding below 1.2764 and 1.2815 levels represents key condition to continue the suggested bearish wave.
Expected trading range for today is between 1.2620 support and 1.2815 resistance.
Expected trend for today: Bearish
Origin: Economies
