The USDCAD pair’s recent trades are confined within ascending triangle pattern that appears on the chart, as it fluctuates at this pattern’s support line now, accompanied by stochastic enter to the oversold areas, waiting to motivate the price to resume the positive trades and surpass the pattern’s resistance at 1.3520 to open the way to rally towards 1.3585 followed by 1.3680 levels as next main targets.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.3480.
The expected trading range for today is between 1.3440 support and 1.3570 resistance.
The expected trend for today: Bullish
Origin: Economies
