The USDCAD pair faced a temporary negative pressure in the last sessions, but it leaned on the breached resistance of the intraday bearish channel that appears in the chart and bounces higher again, to approach from 1.3500 level, waiting for breaching this level to confirm the continuation of the expected bullish wave on the intraday basis, targeting 1.3585 level as a next station.
Therefore, we will keep preferring the bullish trend in the upcoming period unless breaking 1.3425 level and holding below it.
The expected trading range for today is between 1.3420 support and 1.3550 resistance.
The expected trend for today: Bullish
Origin: Economies
