The USDCAD pair tested the key support 1.3440 and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, supported by the EMA50 that meets the mentioned level to add more strength to it, reminding you that our main waited target reaches 1.3500.
Stochastic loses the positive momentum and might cause some sideways fluctuation before resuming the suggested bullish wave, noting that breaking 1.3350 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 1.3330 support and 1.3460 resistance.
The expected trend for today: Bullish
Origin: Economies
