The USDCAD pair traded with clear negativity in the past sessions after the EMA50 formed good resistance barrier against the recent positive attempts, to approach from our first target represented by the previously breached resistance of the bearish channel at 1.2485.
Therefore, we believe that the chances are valid to continue the decline in the upcoming sessions, taking into consideration that breaching 1.2739 will stop the negative overview and push the price to achieve gains that reach to 1.2940 initially.
Expected trading range for today is between 1.2485 support and 1.2655 resistance.
Expected trend for today: Bearish
Origin: Economies
