The USDCAD price traded with clear positivity yesterday to move away from 1.3562$ level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to test 1.3653$ that represents our first target, noting that breaching it will extend the bullish wave to reach 1.3765$ as a next main station.
The positive effect of the double bottom pattern supports the expectations to rise, noting that breaking 1.3562$ will stop the bullish trend and push the price to return to the bearish track again.
The expected trading range for today is between 1.3560$ support and 1.3680$ resistance.
Trend forecast: Bullish
Origin: Economies
