The USDCAD pair faced intraday negative pressure yesterday to attempt to break the intraday bullish channel’s support line, but it attempts to consolidate above this support, to keep our bullish overview conditioned by the price stability above 1.2695, and the price needs to breach 1.2725 to confirm heading towards 1.2795 as a next main target.
The expected trading range for today is between 1.2640 support and 1.2770 resistance.
The expected trend for today: Bullish
Origin: Economies
