The USDCAD pair bounced downwards temporarily to approach 1.3800 barrier, noticing that stochastic got rid of its negative momentum and begins to overlap positively, waiting to motivate the price to resume the main bullish trend, which targets 1.3890 followed by 1.4000 levels as next main stations.
The EMA50 continues to support the suggested bullish wave, which moves organized inside the bullish channel that appears on the chart, reminding you that the continuation of the expected rise requires holding above 1.3785.
The expected trading range for today is between 1.3790 support and 1.3920 resistance.
The expected trend for today: Bullish
Origin: Economies
