Technical analysis:
USD/CAD has been trading upside today but the main resistance at the price of 1,2700 is on the test. I see potential for the downside continuation.
Trading recommendation:
Due to major resistance at 1,2700 on the test, I see potential for the downside continuation and re-test of the 1,2640.
Watch for selling opportunities in case of the reversal patterns.
Downside target is set at 1,2700