The USDCAD pair shows more bullish bias to reach our new target at 1.3820, and continues to move inside the bullish channel that supports the chances of achieving additional gains in the upcoming sessions, noting that surpassing this channel’s resistance will lead the price to head towards 1.3975 as a next main target.
Therefore, the bullish trend will remain valid on the intraday and short term basis, supported by the EMA50 that carries the price from below, noting that breaking 1.3745 will stop the expected rise and press on the price to test 1.3680 level before any new positive attempt.
The expected trading range for today is between 1.3750 support and 1.3900 resistance.
The expected trend for today: Bullish
Origin: Economies
