The USDCAD pair continues to decline calmly, organized inside minor bearish channel that appears on chart, which supports the expectations of visiting the recently recorded low at 1.2413 as a next main target, noting that the EMA50 supports the chances of achieving more decline.
In general, the bearish trend will remain valid and active unless breaching 1.2739 level and holding above it, as breaching this level will stop the negative overview and lead the price to return to the correctional bullish track again, to start the positive targets by testing 1.2940.
Expected trading range for today is between 1.2440 support and 1.2620 resistance.
Expected trend for today: Bearish
Origin: Economies
