The USD/CAD pair rallied yesterday and achieved our main awaited target at 1.3350, with the price starting positively today and attempting to breach that level, paving the way for more gains toward 1.3400 and then 1.3500 as the next positive targets.
Thus, the upward trend remains strong for the upcoming duration, buoyed by the 50 SMA which carries the price from below, and we note that failing to breach 1.3350 will force the price down towards 1.3205 before any new attempts at rising.
Expected trading range for today is between the 1.3300 support and the 1.3430 resistance.
Expected trend for today: Bullish
Origin: Economies
