The USDCAD pair shows more negative trading after confirming breaking 1.2764 level previously, and the way is open to head towards our next main target at 1.2459, which represents last year recorded low.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that the continuation of the expected decline depends on holding below 1.2764 and 1.2815 levels.
Expected trading range for today is between 1.2520 support and 1.2740 resistance.
Expected trend for today: Bearish
Origin: Economies
