The USDCAD pair succeeded to touch our first target at 1.2555 after rallying bullishly yesterday, attempting to breach this level now, which supports the continuation of our bullish overview efficiently in the upcoming period, waiting to extend the bullish wave to reach 1.2723 as a next main station.
Therefore, we will continue to suggest the bullish trend for today supported by the EMA50, noting that the continuation of the bullish trend depends on holding above 1.2470.
Expected trading range for today is between 1.2500 support and 1.2670 resistance.
Expected trend for today: Bullish