The USDCAD pair provided strong positive trades yesterday to surpass our first target at 1.3590 and opens the way to achieve additional gains that reach 1.3680 areas, to keep the bullish trend valid and active for the upcoming period, noting that breaching the last level will push the price to continue the rise and head towards 1.3800 as a next main station.
Therefore, the bullish trend scenario will remain valid and active on the intraday and short term basis, supported by the EMA50 that continues to carry the price from below, noting that breaking 1.3570 will stop the rise and press on the price to test 1.3500 before any new positive attempt.
The expected trading range for today is between 1.3570 support and 1.3710 resistance.
The expected trend for today: Bullish
Origin: Economies
