The USDCAD pair settles above 1.2923 level, to keep the bullish trend suggested in the upcoming sessions, supported by the EMA50 that carries the price from below, besides stochastic head towards the oversold areas.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 1.2923, reminding you that our next main target is located at 1.3128.
Expected trading range for today is between 1.2880 support and 1.3050 resistance.
Expected trend for today: Bullish