The USDCAD pair resumed its positive trading to breach 1.2470 level and settles above it again, which supports the continuation of our bullish overview in the upcoming period, paving the way to head towards 1.2723 that represents our next main target.
Therefore, we will keep our positive overview in the upcoming sessions supported by the EMA50, reminding you that it is important to hold above 1.2400 to achieve our waited positive targets.
Expected trading range for today is between 1.2400 support and 1.2600 resistance.
Expected trend for today: Bullish