The USDCAD pair traded with strong positivity yesterday to surpass our first target at 1.3585 and reach the second target at 1.3680, noticing that the price starts today with additional rise to surpass this level and confirm the continuation of the bullish trend domination on the intraday and short-term basis, opening the way to visit 1.3805 areas as a next main station.
Therefore, the bullish trend scenario will remain valid and active, supported by the EMA50, noting that failing to consolidate above 1.3680 will push the price to turn to decline and achieve some bearish correction.
The expected trading range for today is between 1.3660 support and 1.3790 resistance.
The expected trend for today: Bullish
Origin: Economies
