The USDCAD pair provided clear positive trades yesterday but it faced solid resistance at 1.2840 again, to show some temporary decline now, noting that the price continues to move inside the bullish channel that appears on the chart, to keep the bullish trend scenario valid and active on the intraday and short term basis, which targets 1.2950 as a next station.
The EMA50 supports the suggested bullish wave, reminding you that it is important to hold above 1.2775 and 1.2740 levels to achieve the waited targets.
The expected trading range for today is between 1.2740 support and 1.2870 resistance.
The expected trend for today: Bullish
Origin: Economies
