USDCAD awaits the positive motive – Analysis - 12-12-2017

The tight range continues to dominate the USDCAD pair's trading, which fluctuates around 1.2850 level, noticing that stochastic continues the attempts to get rid of the negative momentum on the intraday time frames.

Therefore, the bullish trend scenario will remain valid as it is without any change, waiting to test 1.2927 level initially, reminding you that breaching this level will extend the pair's gains to reach 1.3131, while holding above 1.2723 represents the most important condition to achieve the suggested targets.

Expected trading range for today is between 1.2770 support and 1.2950 resistance.

Expected trend for today: Bullish