The USDCAD pair is testing 1.3680 support line now, which represents one of the trend keys besides 1.3740 resistance, and as we mentioned in our recent reports, the price needs to surpass one of these levels to detect the next targets clearly, which makes us continue with our neutrality until now.
Note that breaking the support will push the price to achieve negative targets that start at 1.3640 and extend to 1.3500 areas after breaking the previous level, while breaching the resistance represents positive factor that will push the price to resume the main bullish trend that its next targets located at 1.3840 followed by 1.3900.
The expected trading range for today is between 1.3610 support and 1.3760 resistance.
The expected trend for today: Neutral
Origin: Economies
