The USDCAD pair’s decline stopped at 1.3090 level, to rebound bullishly and breach 1.3205 level and settles above it, which stops the negative scenario and lead the price to start intraday recover attempts, on its way to visit 1.3350 as a next main station.
Therefore, the bullish bias will be suggested for today, waiting to get positive momentum that assist to push the price to achieve the suggested targets, noting that breaking 1.3205 will put the price under the negative pressure again.
The expected trading range for today is between 1.3170 support and 1.3300 resistance.
The expected trend for today: Bullish
Origin: Economies
