The USDCAD pair shows some slight bullish bias to test the first key resistance 1.2500, accompanied by stochastic loss to the positive momentum, while the EMA50 continues to press negatively on the price.
Therefore, the chances valid to continue the correctional bearish trend, which targets 1.2407 followed by 1.2313 levels as next negative stations, reminding you that it is important to hold below 1.2500 to achieve these targets.
The expected trading range for today is between 1.2400 support and 1.2520 resistance.
The expected trend for today: Bearish
Origin: Economies
