The USDCAD pair breached 1.2500 level strongly and settled above it, which supports the continuation our bullish overview efficiently in the upcoming period, paving the way to head towards 1.2650 as a next target.
Therefore, the bullish bias will remain dominant on the intraday and short term basis, noting that holding above 1.2500 represents initial condition to continue the expected rise.
The expected trading range for today is between 1.2490 support and 1.2620 resistance.
The expected trend for today: Bullish