The USDCAD pair traded with strong positivity yesterday to breach 1.3680 and settles above it, starting today with more rise to move away from the mentioned level and confirm turning to rise and resume trading inside the bullish channel that appears on the chart, waiting to achieve positive targets that start at 1.3785 and extend to 1.3870.
Therefore, the bullish bias will be expected in the upcoming sessions supported by the EMA50 that carries the price from below, noting that holding above 1.3680 represents major condition to achieve the suggested targets.
The expected trading range for today is between 1.3680 support and 1.3800 resistance.
The expected trend for today: Bullish
Origin: Economies
