The USDCAD pair rallied upwards strongly to breach 1.3055 and settles above it, which supports the continuation of the expected bullish wave efficiently in the upcoming period, opening the way to achieve additional gains that start at 1.3130 and extend to 1.3220.
Stochastic current negativity might force the price to provide some temporary bearish bias, noting that the expected rise will remain valid as long as 1.3055 level remains intact.
The expected trading range for today is between 1.3020 support and 1.3160 resistance.
The expected trend for today: Bullish
Origin: Economies
