The USDCAD pair rallied upwards strongly to breach 1.2720 and return to the bullish channel again, which stops the recently suggested negative scenario and lead the price to resume the main bullish trend, on its way to achieve positive targets that start at 1.2840 and extend to 1.2950.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1.2740 will put the price under the negative pressure again.
The expected trading range for today is between 1.2740 support and 1.2880 resistance.
The expected trend for today: Bullish