The USDCAD pair managed to touch 1.2605 and bounced bullishly from there to approach testing the key resistance at 1.2695 now, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the bearish trend that targets breaking 1.2605 to open the way to head towards 1.2500 as a next station.
On the other hand, we should note that breaching 1.2695 will lead the price to start recovery attempts and achieve positive targets that start by testing 1.2765.
The expected trading range for today is between 1.2600 support and 1.2740 resistance.
The expected trend for today: Bearish