Canadian Dollar Maintains Bullish Path

The Canadian dollar found a solid support floor around 1.2600, to start the bullish rebound, trying to surpass 1.2680 resistance.

Technically speaking, we tend to be positive, relying on building a base on the aforementioned support floor, in addition to the clear positive signs on the RSI and its stability above the 50 midline.

We are targeting 1.2710 first and then 1.2750 respectively, and the gains may extend to a visit of 1.2800. The activation of the bullish scenario depends on the pair remaining above 1.2610, and breaking it negates the activation of the bullish scenario completely and sets the price to enter a strong bearish wave, the initial target of which is 1.2555.

S1: 1.2615	R1: 1.2710
S2: 1.2555	R2: 1.2750
S3: 1.2510	R3: 1.2805