The USDCAD pair shows more bearish bias to approach the EMA50 that continues to support the price from below, waiting to resume the bullish wave that its targets begin by breaching 1.2725 level to open the way to rally towards 1.2950.
Holding above 1.2590 is important to continue the expected rise, as breaking it will press on the price to achieve additional decline that its next targets reach 1.2480.
The expected trading range for today is between 1.2600 support and 1.2730 resistance.
The expected trend for today: Bullish