The USDCAD pair continued its rise yesterday to settle above 1.2800 barrier, reinforcing the expectations of continuing the rise in the upcoming sessions, which targets testing 1.2923 level mainly.
Therefore, we are waiting for more bullish bias for today, supported by the EMA50, unless the price declined to break 1.2717 level and settle below it.
Expected trading range for today is between 1.2760 support and 1.2923 resistance.
Expected trend for today: Bullish