The USDCAD pair managed to achieve the waited negative targets and surpassed 1.2670 to settle below it, which leads the price to achieve more expected decline, on its way to test 1.2600 barrier as a next station.
Therefore, the bearish trend will remain dominant in the upcoming sessions as long as 1.2720 level remains intact, noting that breaking 1.2600 will extend the bearish wave on the short term and medium term basis and push the price out of the bullish channel that appears on the chart.
The expected trading range for today is between 1.2570 support and 1.2700 resistance.
The expected trend for today: Bearish
Origin: Economies
