Canadian Dollar: Trying To Maintain The Bullish Corrective Slope

The Canadian dollar was able to rise well within the bullish corrective slope published in the last analysis, through which we targeted 1.2150 to record the highest level at 1.2135.

Technically, 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, we only need price stability above 1.2090 to target 1.2130 and then 1.2180, respectively. In general, we continue to suggest the tendency to resume the bullish corrective bias with stability above 1.2030.

Note: Stochastic is trading with negative intraday.

S1: 1.2030	R1: 1.2130
S2: 1.1980	R2: 1.2185
S3: 1.1930	R3: 1.2240