The USDCAD pair settles below 1.2725 level, noticing that stochastic provides clear negative signals now, waiting to motivate the price to resume the bearish bias to complete the double top pattern that appears on the chart and rally towards our next negative target at 1.2590.
Therefore, our bearish overview will remain valid and active unless the price rallied to breach 1.2725 followed by 1.2790 levels and hold above them.
The expected trading range for today is between 1.2610 support and 1.2750 resistance.
The expected trend for today: Bearish
Origin: Economies
