The USDCAD pair managed to confirm breaching 1.3574 level after closing the daily candlestick above it, which supports the continuation of the bullish trend on the short and medium term basis, easing the way towards 1.3837 as a next main target, pointing that the EMA50 keeps supporting the price from below.
Therefore, we will keep preferring the bullish trend in the upcoming sessions, pointing that breaking 1.3574 level will stop the suggested rise and pushes the price to test levels that begin at 1.3455 and extend to 1.3310.
Expected trading range for today is between 1.3574 support and 1.3750 resistance.
Expected trend for today: Bullish