The USDCAD pair traded with strong negativity yesterday to break 1.2720 and turns to decline, as we expect to face additional negative pressures in the upcoming sessions to head towards 1.2600 as a next main station.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.2720 followed by 1.2775 levels will stop the current negative pressure and push the price to recover again.
The expected trading range for today is between 1.2590 support and 1.2720 resistance.
The expected trend for today: Bearish
Origin: Economies
