The USDCAD pair shows sideways trades recently, settling below 1.3015 level, noticing that stochastic begins to overlap negatively, while the EMA50 keeps pressing negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1.2860 level as a next main station, reminding you that it is important to hold below 1.3015 and 1.3050 levels to continue the expected decline.
The expected trading range for today is between 1.2900 support and 1.3030 resistance.
The expected trend for today: Bearish