The USDCAD pair keeps fluctuating inside the minor bullish channel that appears on chart, which forms bearish flag pattern that we are waiting to assist to push the price to resume its main bearish track, as the price needs to break 1.2155 to activate the negative effect of the mentioned pattern.
Therefore, the bearish trend scenario will remain active for today conditioned by holding below 1.2240, noting that our next main target is located at 1.1900.
Expected trading range for today is between 1.2050 support and 1.2240 resistance.
Expected trend for today: Bearish
Origin: Economies
