Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.2080). . if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . USDCAD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 58.