The USDCAD pair begins today with clear positivity to move away from the bullish channel’s support line and approach our waited target at 1.3680, reinforcing the expectations of continuing the bullish trend, noting that breaching the mentioned level will extend the bullish wave to reach 1.3800 areas as a next main station.
The EMA50 supports the price from below to support the continuation of the suggested positive scenario, noting that holding above 1.3560 represents the first condition to continue the bullish wave.
The expected trading range for today is between 1.3570 support and 1.3715 resistance.
The expected trend for today: Bullish
Origin: Economies
