The USDCAD pair managed to touch our waited target at 1.3680 and found solid support there, to rebound bullishly and head towards resuming the bullish wave withing the bullish channel that appears on the chart, waiting to achieve positive targets that start at 1.3800 and extend to 1.3890.
Therefore, we suggest witnessing more bullish bias in the upcoming sessions, supported by the EMA50 that carries the price from below, besides the positive signals provided by stochastic, taking into consideration that breaking 1.3680 will stop the expected rise and press on the price to achieve new decline that its next target reaches 1.3560.
The expected trading range for today is between 1.3680 support and 1.3830 resistance.
The expected trend for today: Bullish
Origin: Economies
