The USDCAD pair begins today with clear rise to start testing 1.2725 level, waiting for more bullish bias to surpass this level and confirm extending the bullish wave towards 1.2950 on the near term basis.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50, reminding you that it is important to hold above 1.2590 to continue the suggested rise.
The expected trading range for today is between 1.2660 support and 1.2800 resistance.
The expected trend for today: Bullish
Credit: www.economies.com – Source link