The USDCAD pair begins today’s trading with slight bearish bias, but we notice that the price closed yesterday above 1.3680, which supports the chances of continuing the expected bullish trend for the upcoming period, which targets 1.3760 as a next station.
Therefore, we are waiting for more rise on the intraday and short term basis supported by the EMA50, taking into consideration that failing to consolidate above 1.3680 will push the price to turn to decline and head to visit 1.3560 initially.
The expected trading range for today is between 1.3610 support and 1.3750 resistance.
The expected trend for today: Bullish
Origin: Economies
