The USDCAD pair broke 1.2725 level strongly to activate the negative scenario on the intraday basis, on its way to test 1.2590 as a next station, noting that breaking this level will extend the bearish wave to reach 1.2515 as a next negative target.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless the price rallied to breach 1.2725 and hold above it again.
The expected trading range for today is between 1.2560 support and 1.2700 resistance.
The expected trend for today: Bearish
Origin: Economies
