Canadian Dollar Trying to Get Rid of Negativity

Limited positive attempts for the Canadian dollar are close to the goal of re-testing the resistance at 1.2850, to record its highest level during the previous session at 1.2835.

Technically speaking, we find the pair trying to build a support floor around 1.2765, as we find the stochastic indicator trying to get rid of the current negativity.

From here, by steadily trading above the aforementioned support, this increases the probability of completing the bullish attempts that started yesterday targeting 1.2850, noting that breaching it increases the possibility of touching 1.2900.

Note: the expected bullish slight tendency does not contradict the general bearish trend, which holds its official targets around 1.2700.

S1: 1.2765	R1: 1.2850
S2: 1.2735	R2: 1.2910
S3: 1.2700	R3: 1.2950