The pair remains in a wide range of 1.2600-1.2785 and in a narrower range of 1.2685-1.2785 against the coming results of the Fed's monetary policy meeting, which will be announced today. This will not radically change the situation in the currency markets, but it may lead to a local resumption of the pair's growth.
Technical side:
The price is located below the middle Bollinger band, above SMA 5 and below SMA 14. RSI is just above the 50% level and moves horizontally. Stoch came out of the oversold zone.
USDCAD rate online: monitor the movement of the pair in real time.
Trading idea:
Expect a local increase to 1.2785.