The USDCAD pair resumed its negative trades yesterday to approach our first waited target at 1.2600, reinforcing the expectations of continuing the bearish trend, noting that breaking the mentioned level will push the price to 1.2495 as a next negative target.
Moving below the EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 1.2720.
The expected trading range for today is between 1.2560 support and 1.2700 resistance.
The expected trend for today: Bearish
Origin: Economies
