The USDCAD pair soared strongly yesterday to surpass our waited target at 1.2760 and touch 1.2800 barrier, to hint heading to achieve more expected rise on the short term and medium term basis, noting that the next target extends to 1.2880.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2650.
The expected trading range for today is between 1.2670 support and 1.2800 resistance.
The expected trend for today: Bullish