The USDCAD pair managed to achieve our extended target at 1.2330 and surpassed it to close the daily candlestick above it, which leads the price to achieve more expected gains in the upcoming sessions, as the next target reaches 1.2405.
Therefore, we expect witnessing additional positive trades today, noting that the continuation of the bullish wave requires holding above 1.2330 and the most important above 1.2255.
The expected trading range for today is between 1.2300 support and 1.2420 resistance.
The expected trend for today: Bullish
Origin: Economies
