The USDCAD pair provided mixed trades yesterday, as it bounced bullishly after the decline that it witnessed in the previous sessions, to test the intraday bearish channel’s resistance that appears on the chart, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to decline again.
Therefore, we will keep our bearish overview unless breaching 1.2615 and holding above it, reminding you that our next main target extends to 1.2365.
The expected trading range for today is between 1.2450 support and 1.2575 resistance.
The expected trend for today: Bearish