The USDCAD pair succeeded to reach our waited target at 1.3800, as it rallied upwards strongly yesterday, noticing that the price shows bearish bias to approach testing the key support base formed above 1.3664 after breaching it previously, and the price needs to consolidate above this level to keep the bullish trend scenario active for the upcoming period, as breaking it will press on the price to achieve intraday bearish correction for the last bullish wave.
Note that breaching 1.3800 will extend the bullish wave to reach 1.4130 areas on the near term basis.
The expected trading range for today is between 1.3620 support and 1.3790 resistance.
The expected trend for today: Bullish
Origin: Economies
