The USDCAD pair managed to achieve our first waited target at 1.3010 and found solid resistance there, to show some temporary bearish bias, affected by stochastic negativity, waiting to get positive motive that assist to push the price to resume the bullish wave that its next target located at 1.3076.
Therefore, the bullish trend scenario will remain valid supported by the EMA50 unless breaking 1.2930 and holding below it.
The expected trading range for today is between 1.2930 support and 1.3070 resistance.
The expected trend for today: Bullish
Origin: Economies
