The USDCAD pair’s recent trade are confined within bullish pennant’s pattern that appears on the chart, thus, the price needs to breach 1.3070 to activate the positive effect of this pattern followed by rallying towards continuing the rise to visit 1.3200 that represents our next main target.
Therefore, we will keep our bullish overview conditioned by the price stability above 1.3015, as breaking it will press on the price to decline again and head to visit 1.2930 areas initially.
The expected trading range for today is between 1.2960 support and 1.3100 resistance.
The expected trend for today: Bullish
Origin: Economies
