The USDCAD pair faced clear negative pressure in the previous sessions to attack 1.2725 level, but it returns to fluctuate around it, in attempt to consolidate above this level and keep the positive scenario active for the upcoming period, waiting to head towards 1.2795 followed by 1.2950 levels as next main stations.
On the other hand, we should note that failing to consolidate above 1.2725 will stop the expected rise and press on the price to head towards 1.2590 initially.
The expected trading range for today is between 1.2670 support and 1.2800 resistance.
The expected trend for today: Bullish
Origin: Economies
