The USDCAD pair is testing the correctional bullish trend line that appears on the above chart, while the price still stuck between the key levels represented by 1.2723 support and 1.2820 resistance, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next targets clearly, which keeps our neutrality valid until now.
We remind you that breaching the mentioned resistance will complete forming bullish pattern that has positive targets that start at 1.2927 and extend to 1.3000, while breaking the support will push the price to return to the main bearish track again, to head towards testing 1.2470 level as a first main station.
Expected trading range for today is between 1.2680 support and 1.2870 resistance.
Expected trend for today: Depends on the above mentioned levels