The USDCAD pair broke 1.2090 level clearly and settled below it, to activate the bearish trend scenario again, paving the way to achieve negative targets that start at 1.2013 and extend to 1.1900 after breaking the previous level.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 1.2090 might push the price to start new recovery attempts and head towards testing 1.2164 areas initially.
The expected trading range for today is between 1.2000 support and 1.2140 resistance.
The expected trend for today: Bearish
Origin: Economies
