The USDCAD pair opens today’s trading with clear positivity to breach 1.3500 and close the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, organized inside the bullish channel that appears on the chart, waiting to visit 1.3600 as a first target.
Moving above the EMA50 supports the continuation of the suggested bullish wave, which will remain valid conditioned by the price stability above 1.3460.
The expected trading range for today is between 1.3460 support and 1.3590 resistance.
The expected trend for today: Bullish
Origin: Economies
