The USDCAD pair continues to rise to approach our waited target at 1.3500, moving within bullish channel that supports the chances of continuing the bullish wave and breach the mentioned level to achieve additional positive targets that we expect to reach 1.3595 followed by 1.3680.
Therefore, the bullish trend will remain valid and active for the upcoming period, supported by stochastic head to gain the positive momentum on the intraday basis, noting that breaking 1.3440 might push the price to test 1.3350 areas before any new positive attempt.
The expected trading range for today is between 1.3400 support and 1.3530 resistance.
The expected trend for today: Bullish
