The USDCAD pair provided clear negative trades to succeed reaching our extended target at 1.2695, settling there now, and we expect the continuation of the correctional bearish pressure to break this level and open the way to head towards 1.2605 as a next negative target.
Therefore, the bearish bias will remain dominant in the upcoming sessions unless the price rallied to breach 1.2770 and hold above it.
The expected trading range for today is between 1.2640 support and 1.2770 resistance.
The expected trend for today: Bearish