The USDCAD pair achieved intraday gains yesterday to approach 1.2720 level, noticing that stochastic shows clear overbought signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin by testing 1.2600 level again.
Holding below 1.2720 is important to continue the expected decline, as breaching it will lead the price to achieve additional gains that reach 1.2840.
The expected trading range for today is between 1.2600 support and 1.2740 resistance.
The expected trend for today: Bearish
Origin: Economies
