The USDCAD pair succeeded to touch 1.2850 level and finds solid resistance there, noticing that stochastic shows negative signals that hinders the mission of continuing the rise, waiting to get positive momentum that assist to push the price to resume the bullish trend that its next target located at 1.2950.
Therefore, we will continue to suggest the overall bullish trend that gets continuous support by the EMA50 unless breaking 1.2725 and holding below it.
The expected trading range for today is between 1.2770 support and 1.2900 resistance.
The expected trend for today: Bullish
Origin: Economies
