The USDCAD pair bounced downwards clearly yesterday to test the first key support 1.3220, noticing that the price begins to rise by today’s open, to keep the bullish trend scenario active, supported by stochastic positivity, waiting to visit 1.3390 as a next main target.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 1.3220 followed by 1.3190 levels and holding below them.
The expected trading range for today is between 1.3200 support and 1.3330 resistance.
The expected trend for today: Bullish
Origin: Economies
