The USDCAD pair shows new negative trades to move below 1.2665 level, reinforcing the chances of continuing the expected decline on the intraday basis, waiting to visit 1.2600 level initially, which breaking it represents the key to rally towards 1.2495 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.2720 and hold above it.
The expected trading range for today is between 1.2570 support and 1.2700 resistance.
The expected trend for today: Bearish
Origin: Economies
