The USDCAD pair resumed its positive trading after testing 1.3205 level in the previous sessions, to reach 1.3300 barrier now, and by taking a deeper look at the chart, we find that the price completed forming double bottom pattern that has positive targets that surpass 1.3350 to reach 1.3430.
Therefore, our bullish overview will remain valid and active for the upcoming period, supported by the EMA50 that carries the price from below, reminding you that breaking 1.3205 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 1.3230 support and 1.3360 resistance.
The expected trend for today: Bullish
Origin: Economies
