The USDCAD pair settled above the intraday bearish channel’s resistance, to activate the bullish trend scenario for the upcoming period, on its way to achieve positive targets that start at 1.2854.
Therefore, the bullish bias will be expected for today supported by moving above the EMA50, noting that the continuation of the bullish wave depends on the price stability above 1.2740 and the most important above 1.2688.
The expected trading range for today is between 1.2700 support and 1.2840 resistance.
The expected trend for today: Bullish
Origin: Economies
