The USDCAD pair shows slight bearish bias in attempt to gradually approach our first waited target at 1.2923, reminding you that the price is affected by the double top pattern that was completed previously as appears on the chart, which has negative targets that surpass the mentioned target to reach 1.2717.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 1.3060 followed by 1.3128 levels and holding above them.
Expected trading range for today is between 1.2900 support and 1.3060 resistance.
Expected trend for today: Bearish