The USDCAD pair breached the intraday bearish channel’s resistance that appears on the chart and settled above it, to head towards building expected bullish wave on the intraday basis, waiting to achieve targets that start at 1.3585 and extend to 1.3680.
Therefore, the bullish bias will be expected for today, taking into consideration that breaking 1.3500 will push the price to resume the negative trades and head towards 1.3455 initially.
The expected trading range for today is between 1.3480 support and 1.3590 resistance.
The expected trend for today: Bullish
Origin: Economies
