The USDCAD pair approached our first waited target at 1.2465 and bounced bullishly to test the EMA50, noticing that stochastic loses its positive momentum clearly to support the chances of resuming the expected bearish trend for the upcoming period, which its targets extend to 1.2365.
Therefore, our bearish overview will remain valid unless the price rallied to breach 1.2600 followed by 1.2630 levels and hold above them.
The expected trading range for today is between 1.2465 support and 1.2600 resistance.
The expected trend for today: Bearish
Origin: Economies
