The USDCAD pair faced negative pressure yesterday to test 1.2655 level, but it begins today positively after leaning on the EMA50, noticing that stochastic provides positive overlapping signal now, waiting to motivate the price to provide more positive trades in the upcoming sessions, as our next target is located at 1.2795.
Therefore, the bullish trend scenario will remain valid on the intraday basis unless breaking 1.2640 and holding below it.
The expected trading range for today is between 1.2600 support and 1.2750 resistance.
The expected trend for today: Bullish