The USDCAD pair rallied upwards strongly yesterday to surpass our first waited target at 1.3500 and approaches the second target at 1.3600, and we suggest the continuation of the rise inside the bullish channel that appears on the chart to achieve additional gains that reach 1.3680.
The EMA50 supports the suggested bullish wave, noting that breaking 1.3500 will put the price under temporary negative pressure to test the bullish channel’s support line around 1.3435 before any new attempt to rise.
The expected trading range for today is between 1.3500 support and 1.3640 resistance.
The expected trend for today: Bullish
Origin: Economies
