The USDCAD pair settles below the main bearish channel’s resistance line, and begins providing slight negative trades, hinting the price head to resume the main bearish trend, which targets 1.2960 level as a next main station.
Therefore, we will keep our bearish overview conditioned by the price stability below 1.3090 and the most important below 1.3155.
The expected trading range for today is between 1.2980 support and 1.3120 resistance.
The expected trend for today: Bearish