The USDCAD price faced negative pressure yesterday to test the key support 1.3562$, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.
Therefore, these factors encourage us to suggest the bullish bias in the upcoming sessions, reminding you that the first target is located at 1.3653$, while achieving it requires holding above 1.3562$.
The expected trading range for today is between 1.3530$ support and 1.3650$ resistance.
Trend forecast: Bullish
Origin: Economies
