The USD/CAD pair are hovering around 1.3350 since yesterday amid attempts to pierce it, therefore it’s likely the upward trend will carry on towards 1.3400 then 1.3500 as major next targets.
The 50 SMA is supporting the suggested upward trend alongside the Stochastic indicator which gained clear positive momentum, however we note that failing to breach 1.3350 will put the pair under pressure and send them towards 1.3205.
Expected trading range for today is between the 1.3300 support and the 1.3430 resistance.
Expected trend for today: Bullish
Origin: Economies
