The USDCAD pair resumed its negative trading clearly to approach our waited target at 1.2210, reinforcing the chances of continuing the main bearish wave, noting that surpassing the mentioned level will push the price to 1.2100 as a next target.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2365.
The expected trading range for today is between 1.2200 support and 1.2320 resistance.
The expected trend for today: Bearish