The USDCAD pair faced temporary negative pressure yesterday to test the intraday bullish channel’s support line, accompanied by witnessing clear oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 1.2660 mainly.
Therefore, we will keep our bullish overview unless breaking 1.2545 and holding below it.
The expected trading range for today is between 1.2525 support and 1.2650 resistance.
The expected trend for today: Bullish
Origin: Economies
