The USDCAD pair breached 1.3500 level clearly and ended yesterday above it, confirming the continuation of the bullish trend domination in the upcoming sessions, to head towards achieving new positive targets that start at 1.3600 and extend to 1.3680.
The bullish channel organizes the expected bullish wave, which gets good support by the EMA50, noting that breaking 1.3500 will put the price under intraday negative pressure that targets testing this channel’s support line around 1.3380 before any new attempt to rise.
The expected trading range for today is between 1.3470 support and 1.3600 resistance.
The expected trend for today: Bullish
Origin: Economies
