The USDCAD pair succeeded to achieve our first waited target at 1.3600 and found solid resistance there, to show some slight bearish bias, affected by stochastic negativity, waiting to gather positive momentum that assist to push the price to resume the positive trades and head towards our next target at 1.3665.
The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, noting that breaking 1.3510 will stop the expected rise and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 1.3500 support and 1.3650 resistance.
The expected trend for today: Bullish
Origin: Economies
