The USDCAD pair shows sideways trades in the previous sessions, noticing that stochastic gained positive momentum and approaches to overlap positively now, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its targets begin by breaching 1.3500 level to opening the way to rally towards 1.3585 initially.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that it is important to hold above 1.3425 to continue the expected rise.
The expected trading range for today is between 1.3420 support and 1.3550 resistance.
The expected trend for today: Bullish
Origin: Economies
