The USDCAD pair continues to provide the negative trading affected by the head and shoulders’ pattern that appears on the chart, and the way is open to achieve our waited targets that reach 1.2500 followed by 1.2463.
The EMA50 keeps pushing negatively on the price to reinforce the expectations to decline, reminding you that holding below 1.2717 represents key condition to achieve the suggested targets.
Expected trading range for today is between 1.2500 support and 1.2670 resistance.
Expected trend for today: Bearish