The USDCAD pair settled below 1.2923 level, and the price shows some calm bearish bias, to keep the bearish trend scenario valid for the upcoming period, supported by the EMA50 and stochastic.
Our first target is located at 1.2717, while holding below 1.2923 represents key condition to continue the expected decline.
Expected trading range for today is between 1.2800 support and 1.2940 resistance.
Expected trend for today: Bearish