The USDCAD pair succeeded to achieve our first waited target at 1.3000 and settles around it now, falling under negative pressure that comes by the EMA50, reinforcing the chances of continuing the bearish trend in the upcoming sessions, as our next target is located at 1.2923.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1.3128.
Expected trading range for today is between 1.2923 support and 1.3090 resistance.
Expected trend for today: Bearish