The USDCAD pair continues to fluctuate between the trend keys represented by 1.2125 support and 1.2164 resistance, and as we mentioned yesterday, the price needs to breach one of these levels to detect its next targets clearly, which makes us continue with our neutrality until now.
We remind you that breaching the mentioned resistance will extend the correctional bullish wave to reach 1.2255 as a next target, while breaking the support will put the price under negative pressure that targets testing 1.2015 areas initially.
The expected trading range for today is between 1.2080 support and 1.2220 resistance.
The expected trend for today: Neutral
Origin: Economies
