The USD/CAD is expected to increase and to resume the yesterday’s minor bullish candle. Price retested the 1.2460 static support, failing to retest the upper median line (uml) of the descending pitchfork and the median line (ml) of the blue ascending pitchfork.
The next upside target will be at the median line (ML) of the major red ascending pitchfork and at the 1.2678, actually, it could be attracted by the confluence area formed between these two resistance levels.
