• USDCAD reversed from support zone
• Likely to rise to resistance level 1.2750

USDCAD currency pair continues to rise after the pair reversed up from the combined support zone located between the key support level 1.2580 (which has been reversing the price from the start of September), lower daily Bollinger Band and the 50% Fibonacci correction of the earlier upward impulse from the start of July. The upward reversal from this support zone is likely to form the daily Morning Star.

Given the clear daily uptrend and the rising CAD bearishness seen across the currency markets today, USDCAD currency pair can be expected to rise further toward the next resistance level 1.2750 (which has been reversing the price from the start of September).