The USDCAD pair opens today’s trading with bullish bias to approach testing the intraday bearish channel’s resistance that appears on the chart, accompanied by stochastic loss to the positive momentum clearly, waiting to resume the bearish trend that its next targets located at 1.2635 and 1.2593.
In general, the bearish trend will remain valid and active for the upcoming period unless breaching 1.2780 and holding above it.
The expected trading range for today is between 1.2640 support and 1.2780 resistance.
The expected trend for today: Bearish
Origin: Economies
