The USDCAD price rallied upwards strongly in the previous sessions to breach 1.3606 level and settles above it, to stop the correctional bearish scenario that dominated the recent trades and head towards regaining the bullish trend again, on its way to achieve gains that start by testing 1.3700 barrier as a first target.
Therefore, the bullish trend will be expected for the upcoming sessions, noting that failing to consolidate above 1.3606 will put the price under the negative pressure to head towards visiting 1.3505 initially.
The expected trading range for today is between 1.3560$ support and 1.3690$ resistance.
Trend forecast: Bullish
Origin: Economies
