The USDCAD pair managed to achieve our first target at 1.2840, but it bounced bearishly to test the initial support areas at 1.2775, and the price needs to hold above this level as a first condition to continue the main bullish trend, which its next target located at 1.2950.
Stochastic approaches the oversold areas to support the positive overview, which will remain valid unless breaking 1.2775 followed by 1.2740 levels and holding below them.
The expected trading range for today is between 1.2740 support and 1.2870 resistance.
The expected trend for today: Bullish
Origin: Economies
