The USDCAD pair rallied upwards strongly to test 1.2565 level and settles above it, which pushes the price to return to the correctional bullish track again, targeting testing 1.2723 level mainly.
Therefore, we believe that the way is open to achieve more gains in the upcoming sessions, taking into consideration that breaking 1.2590 will stop the expected rise and push the price to decline again.
Expected trading range for today is between 1.2565 support and 1.2723 resistance.
Expected trend for today: Bullish