The USDCAD pair begins to provide positive trades to move away from the bullish channel’s support line, which supports the continuation of the expected bullish trend scenario for the upcoming period, which its first target located at 1.2950.
Therefore, our bullish overview will remain active on the intraday and short term basis, noting that holding above 1.2780 represents key condition to continue the expected rise.
The expected trading range for today is between 1.2760 support and 1.2900 resistance.
The expected trend for today: Bullish
Origin: Economies
