The USDCAD pair faced strong negative pressure on last Friday and attempted to break 1.3350, but it managed to close the daily candlestick above it, which keeps our bearish overview active for the upcoming period, as the EMA50 managed to protect the positive scenario, waiting to resume the positive trades and head towards 1.3500 as a next main target.
Stochastic overlaps positively to support the suggested bullish trend, which will remain valid unless breaking 1.3350 and holding with a daily close below it.
The expected trading range for today is between 1.3300 support and 1.3450 resistance.
The expected trend for today: Bullish
Origin: Economies
