The USDCAD pair found difficulty to surpass 1.3830 yesterday, to rebound downwards strongly and retest the beached resistance that appears on the chart, and leaded on the support area formed around 1.3720 to resume the positive trades again, as it tests 1.3830 again now, waiting to breach this level to confirm extending the bullish wave towards 1.3900.
Therefore, we will continue to suggest the bullish trend supported by the EMA50 and stochastic positivity, noting that it is important to hold above 1.3720 to continue the expected rise.
The expected trading range for today is between 1.3760 support and 1.3900 resistance.
The expected trend for today: Bullish
Origin: Economies
