The USDCAD pair retested the broken neckline of the double top pattern and keeps its stability below it, accompanied by stochastic loss to the positive momentum clearly, to keep the negative effect of the mentioned pattern active, waiting to resume the negative trades to test 1.2840 initially, which breaking it represents the key to rally towards 1.2770 as a next target.
Therefore, our bearish overview will remain valid unless breaching 1.2930 and holding above it.
The expected trading range for today is between 1.2810 support and 1.2950 resistance.
The expected trend for today: Bearish