The USDCAD pair resumes its positive trading after leaning on the bullish channel’s support line that appears on the chart, motivated by the positive signal provided by stochastic now, waiting to surpass 1.2725 to confirm rallying towards 1.2795 as a next main station.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.2695.
The expected trading range for today is between 1.2660 support and 1.2800 resistance.
The expected trend for today: Bullish
Origin: Economies
