The USDCAD pair begins today’s trading with slight bearish bias that hints resuming the expected bearish trend on the intraday and short term basis, which supports the continuation of our bearish overview for the upcoming period, waiting to visit 1.2463 level mainly.
The price needs to break 1.2530 level to ease the mission of continuing the expected decline, which will remain valid unless breaching 1.2717 level and holding above it.
Expected trading range for today is between 1.2460 support and 1.2610 resistance.
Expected trend for today: Bearish