The USDCAD pair settles below 1.3060 level, to keep the negative effect of the double top pattern active, waiting to resume the bearish bias that targets testing 1.2923 level mainly.
The EMA50 supports the expected decline, noting that breaching 1.3060 followed by 1.3128 levels will stop the negative overview and push the price to recover on the intraday and short term basis.
Expected trading range for today is between 1.2923 support and 1.3080 resistance.
Expected trend for today: Bearish