The USDCAD pair approached the bullish channel’s support line again and begins to provide bullish rebound signals from there, hinting heading to resume the bullish trend within the mentioned channel to achieve gains that start by testing 1.3500 and extend to 1.3600 as a next positive station, motivated by stochastic positivity that appears on the four hours’ time frame.
Therefore, the bullish bias will be expected for today, taking into consideration that breaking 1.3425 will stop the suggested rise and push the price to turn to decline.
The expected trading range for today is between 1.3400 support and 1.3540 resistance.
The expected trend for today: Bullish
Origin: Economies
