The USDCAD pair rallied upwards strongly to surpass our first target at 1.3425 and reach the thresholds of the second target at 1.3500, and the way seems open to continue the rise and surpass the last level to achieve additional gains that reach 1.3595.
Therefore, the bullish trend will remain suggested on the intraday basis, supported by moving above the EMA50, taking into consideration that failing to breach 1.3500 will stop the expected rise and push the price to rebound bearishly and start bearish wave that targets 1.3350 areas on the near term basis.
The expected trading range for today is between 1.3420 support and 1.3570 resistance.
The expected trend for today: Bullish
Origin: Economies
