The USDCAD pair provided positive trades yesterday to approach 1.2665 level, but the EMA50 formed strong negative pressure that forced the price to decline again and hold below 1.2600, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to visit 1.2495 mainly.
Note that the continuation of the suggested bearish wave depends on the price stability below 1.2665.
The expected trading range for today is between 1.2510 support and 1.2640 resistance.
The expected trend for today: Bearish
Origin: Economies
