The USDCAD pair breached 1.3500 level strongly and settled above it, to support the continuation of the bullish trend on the intraday and short term basis, opening the way to head towards 1.3595 followed by 1.3680 levels as next positive targets.
Therefore, we expect to witness more bullish bias in the upcoming sessions, it might be preceded by some slight bearish bias affected by stochastic positivity before resuming the positive trades, noting that breaking 1.3500 will stop the positive scenario and put the price under the negative pressure again.
The expected trading range for today is between 1.3480 support and 1.3635 resistance.
The expected trend for today: Bullish
Origin: Economies
