USD/CAD Intra-Day Technical Analysis - possible correction or bullish breakout

M5 price is located to be above SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) with the primary bullish for the secondary ranging - the price is moved within 1.2908 key resistance level and 1.2885 key support level.

• if the price will break 1.2908 resistance level so the bullish trend will be continuing.
  
• if price will break 1.2885 support so the secondary correction will be started with the good possibility to the bearish reversal.
  
• if not so the price will be ranging within the levels.
  

• Recommendation to go short: watch the price to break 1.2885 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.2908 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : bullish