The USDCAD pair succeeded to breach 1.2590 level and closed the daily candlestick above it, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to visit 1.2725 as a next positive station.
The EMA50 continues to support the expected bullish wave, noting that breaking 1.2590 will stop the current rise and press on the price to turn to decline on the intraday basis.
The expected trading range for today is between 1.2560 support and 1.2700 resistance.
The expected trend for today: Bullish
Credit: www.economies.com – Source link