The USDCAD pair traded with clear negativity yesterday, to break the key support 1.3500 and approach the bullish channel’s support line that appears on the chart, noticing that the price begins today positively to hint heading to resume the main bullish trend, motivated by stochastic current positivity.
Therefore, we expect to witness positive trades in the upcoming sessions, and the price needs to breach 1.3500 to reinforce the chances of heading towards 1.3600 as a next main target, noting that breaking 1.3450 will push the price out of the bullish track to head towards achieving bearish correction on the intraday basis.
The expected trading range for today is between 1.3420 support and 1.3560 resistance.
The expected trend for today: Bullish
Origin: Economies
