The USDCAD pair tested 1.2720 level and bounced downwards strongly from there, to approach our first waited negative target at 1.2600, expecting to break this level to open the way to head towards 1.2495 as a next target.
Therefore, the bearish trend will remain dominant for the upcoming sessions, supported by the EMA50 that pushes the price to the downside, reminding you that it is important to hold below 1.2720 and 1.2775 levels to continue the expected decline.
The expected trading range for today is between 1.2540 support and 1.2690 resistance.
The expected trend for today: Bearish
Origin: Economies
