The USDCAD price rallied upwards strongly yesterday to breach 1.3505 level and settles above it, noticing that the price completed forming double bottom pattern that has positive targets that reach 1.3605 initially, which leads the price to achieve more expected rise in the upcoming sessions.
Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, noting that breaking 1.3505 will put the price under the correctional bearish pressure again, to head towards testing 1.3445 areas initially.
The expected trading range for today is between 1.3500 support and 1.3620 resistance.
Trend forecast: Bullish
Origin: Economies
