The USDCAD pair succeeded to achieve our waited negative targets and settles at 1.2840, and we expect the continuation of the decline to visit the bullish channel’s support line around 1.2730.
Therefore, we are waiting for more bearish bias in the upcoming sessions, taking into consideration that failing to break 1.2840 will lead the price to start recovery attempts that target testing 1.2950 areas initially.
The expected trading range for today is between 1.2760 support and 1.2900 resistance.
The expected trend for today: Bearish
Origin: Economies
