The USDCAD pair returns to test the bullish channel’s support line, and the EMA50 meets this support to add more strength to it, accompanied by stochastic reach to the oversold areas now.
Therefore, we believe that the chances valid to resume the expected bullish trend on the intraday and short-term basis, which its next main target located at 1.3600, noting that breaking 1.3490 will push the price to turn to decline and start bearish correction on the intraday basis.
The expected trading range for today is between 1.3450 support and 1.3690 resistance.
The expected trend for today: Bullish
Origin: Economies
