The USDCAD pair shows more calm negative trading that moves organized inside the minor bearish channel that appears on chart, while the EMA50 keeps pushing negatively on the price, to keep the bearish trend scenario valid for the upcoming period, reminding you that our main waited target is located at 1.2413.
We should note that breaching 1.2590 will stop the expected decline and push the price to test the key resistance at 1.2739 before any new attempt to decline.
Expected trading range for today is between 1.2410 support and 1.2590 resistance.
Expected trend for today: Bearish
Origin: Economies
