The USDCAD pair showed more decline yesterday to keep approaching the main waited target at 1.2463, as the price falls under continuous negative pressure coming by the EMA50, noticing that stochastic loses its bullish momentum to approach the overbought areas.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 1.2717.
Expected trading range for today is between 1.2463 support and 1.2630 resistance.
Expected trend for today: Bearish