The USDCAD pair is facing negative pressure to test the intraday bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, accompanied by witnessing clear positive signals through stochastic.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which targets 1.3680 as a next main station, noting that breaking 1.3560 will put the price under additional negative pressure to test 1.3500 before any new positive attempt.
The expected trading range for today is between 1.3520 support and 1.3660 resistance.
The expected trend for today: Bullish
Origin: Economies
