USDCAD on the M30 time-frame

USDCAD may rise 20 - 40 pips

Our preference
Long positions above 1.2570 with targets at 1.2620 & 1.2640 in extension.

Alternative scenario
Below 1.2570 look for further downside with 1.2555 & 1.2535 as targets.

Comment
The RSI shows upside momentum.