The USD/CAD resumes the bullish rally – Analysis – 02/12/2021

com-l7The USDCAD pair rallied upwards strongly after leaning on 1.2725 level, reinforcing the expectations of continuing the main bullish trend, which targets 1.2950 as a next main station.

The EMA50 keeps supporting the suggested bullish wave, reminding you that it is important to hold above 1.2725 to achieve the waited targets.

The expected trading range for today is between 1.2750 support and 1.2900 resistance.

The expected trend for today: Bullish

Origin: Economies

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