The USDCAD pair rallied upwards strongly yesterday to succeed achieving our waited target at 1.2590, and breaches it now to support the chances of achieving more gains in the upcoming sessions, paving the way to head towards 1.2725 areas on the near term basis.
Therefore, the bullish trend will remain dominant, taking into consideration that failing to consolidate above 1.2590 might press on the price to decline towards 1.2480 areas before any new attempt to rise.
The expected trading range for today is between 1.2520 support and 1.2670 resistance.
The expected trend for today: Bullish