The USDCAD pair managed to breach 1.2410 level and closed the daily candlestick above it, which supports the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to achieve our waited target at 1.2500.
Note that breaching the targeted level will extend the bullish wave to reach 1.2650 as a next positive station, while the expected rise will remain valid conditioned by the price stability above 1.2410 and the most important above 1.2330.
The expected trading range for today is between 1.2360 support and 1.2500 resistance.
The expected trend for today: Bullish