The USDCAD pair provided additional positive trades to touch the first target at 1.2850 and settles there, waiting for more rise to head towards 1.2950 that represents our next positive target, organized inside the bullish channel that appears on the chart.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, reminding you that it is important to hold above 1.2725 to continue the expected rise.
The expected trading range for today is between 1.2780 support and 1.2920 resistance.
The expected trend for today: Bullish
Origin: Economies
