The USDCAD pair returns to test the key resistance 1.2923 and keeps its stability below it, accompanied by witnessing clear overbought signals through stochastic, thus, the bearish trend still valid until now, waiting to head towards 1.2717 mainly.
We remind you that breaching 1.2923 will push the price to achieve gains that start at 1.3000 and extend to 1.3128 on the near term basis.
Expected trading range for today is between 1.2820 support and 1.2980 resistance.
Expected trend for today: Bearish