The USDCAD pair shows sideways and tight trading after the decline that it witnessed yesterday, keeping its stability below 1.2600 barrier, while the EMA50 keeps forming negative pressure against the intraday and short term trading, which supports the chances of continuing the bearish wave.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 1.2710 level and holding above it, reminding you that our main waited target is located at 1.2459.
Expected trading range for today is between 1.2459 support and 1.2640 resistance.
Expected trend for today: Bearish
Origin: Economies
