The USD / CAD pair is showing sideways and narrow range trading below the 1.2470 level. The negative pressure remains in the short and medium term, supported by the 50 moving average that is pushing the price downwards, awaiting the test of 1.2265 as the next stop.
Therefore, we continue to push the bearishness in the coming sessions on condition of stability below 1.2470, noting that breaking the target level will extend the downside wave to reach 1.2061.
The trading range for today is expected among the support at 1.2330 and the resistance at 1.2500
The general trend for today is bearish