The USDCAD pair traded with clear positivity in the previous sessions to breach 1.3440 and reach the thresholds of 1.3500, which stops the recently suggested negative scenario to head towards recovering on the intraday basis, and it needs to breach the last level to open the way to achieve additional gains that reach 1.3600 as a next positive station.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that the stability of 1.3500 against the current bullish wave will push the price to rebound bearishly again, to head towards visiting 1.3350 initially.
The expected trading range for today is between 1.3420 support and 1.3560 resistance.
The expected trend for today: Bullish
Origin: Economies
