The USDCAD pair shows negative trades to gradually crawl towards the key support 1.3500, noticing that the recent trades are confined within falling wedge that appears on the chart, thus, breaching 1.3565 will activate the positive effect of this pattern and push the price to resume the expected bullish trend on the intraday basis, which its next main targets located at 1.3610 followed by 1.3680.
Stochastic provides positive signals that we are waiting to assist to push the price to rise in the upcoming sessions, noting that the continuation of the bullish wave requires holding above 1.3500.
The expected trading range for today is between 1.3490 support and 1.3640 resistance.
The expected trend for today: Bullish
Origin: Economies
