The USDCAD pair couldn’t manage to break the neckline of the double top pattern, to rebound upwards strongly and breach 1.2725 level and settles above it, which stops the recently suggested negative scenario and lead the price to turn to rise, on its way to achieve gains that start at 1.2795 and extend to 1.2950.
Moving above the EMA50 supports the expected rise, which will remain valid unless breaking 1.2725 and holding below it again.
The expected trading range for today is between 1.2680 support and 1.2810 resistance.
The expected trend for today: Bullish
Origin: Economies
