The USDCAD pair tested 1.2840 level yesterday and attempted to breach it, but it keeps its stability below it until now, as the EMA50 meets this resistance to protect the recently suggested negative scenario, waiting to resume the bearish bias to visit 1.2770 initially.
Therefore, our bearish overview will remain valid conditioned by the price stability below 1.2840, reminding you that surpassing the mentioned target will push the price to 1.2695 as a next correctional station.
The expected trading range for today is between 1.2750 support and 1.2870 resistance.
Origin: Economies
