The USDCAD pair managed to touch our first waited target at 1.2600 and attempts to break it, to support the expectations of extending the bearish wave on the intraday basis, noting that confirming the break will push the price towards 1.2495 as a next main target.
The EMA50 continues to press negatively on the price, to keep the bearish trend valid unless the price rallied to breach 1.2720 and hold above it.
The expected trading range for today is between 1.2530 support and 1.2665 resistance.
The expected trend for today: Bearish
Origin: Economies
