The USDCAD price retested the breached neckline of the double bottom pattern and bounced upwards clearly from there, to support the continuation of the expected bullish trend on the intraday basis, which targets testing 1.3605 as a next station.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested rise, which will remain valid unless breaking 1.3505 and holding below it.
The expected trading range for today is between 1.3500 support and 1.3610 resistance.
Trend forecast: Bullish
Origin: Economies
