The USDCAD pair hovers around 1.2468 since yesterday, and the EMA50 continues to press negative on the price, waiting to break this level to open the way to extend the bearish wave on the intraday and short-term basis, reminding you that our next station is located at 1.2415.
Note that breaching 1.2520 might push the price to test 1.2625 areas before any new attempt to decline.
The expected trading range for today is between 1.2400 support and 1.2530 resistance.
The expected trend for today: Bearish