The USDCAD pair returned to decline yesterday to reach 1.2480 level, showing slight rise now affected by stochastic positivity, waiting to resume the negative trades to break the mentioned level and open the way to head towards our negative target that reaches 1.2370.
Therefore, the bearish trend scenario will remain valid unless breaching 1.2590 and holding above it.
The expected trading range for today is between 1.2450 support and 1.2590 resistance.
The expected trend for today: Bearish
Origin: Economies
