Canadian Dollar: Trying To Maintain The Bullish Corrective Slope

The technical outlook is unchanged, and the pair’s movements have not changed significantly, maintaining the same technical conditions. From the technical analysis point of view today, and by looking at the 60-minute chart, we are inclined to the positivity, relying on the attempts of the RSI to gain bullish momentum, in addition to the stability of the intraday trading above 1.2060.

To confirm the positivity, the price needs stability above 1.2090 to target 1.2130 and then 1.2180. In general, we continue to suggest the tendency to resume the bullish corrective bias with stability above 1.2030. Note: Stochastic is trying to get rid of the current negativity.