The USDCAD pair shows some slight bullish bias, noticing that stochastic loses its positive momentum clearly, while the EMA50 continues to press negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1.2500 followed by 1.2460 levels mainly, reminding you that it is important to hold below 1.2605 to achieve the waited targets.
The expected trading range for today is between 1.2490 support and 1.2620 resistance.
The expected trend for today: Bearish