The USDCAD pair begins the breaching process to the key resistance 1.2739 now, which supports the continuation of the correctional bullish trend that started from the recently recorded low at 1.2413, waiting for more rise in the upcoming sessions, as our next main target is located at 1.2940.
Therefore, we will keep our bullish overview supported by the EMA50, taking into consideration that the continuation of the bearish trend depends on holding below 1.2645 and the most important below 1.2600.
Expected trading range for today is between 1.2650 support and 1.2850 resistance.
Expected trend for today: Bullish
Origin: Economies
