USDCAD is stable – Analysis - 21-04-2017

The USDCAD pair keeps its stability above the main bullish channel's support that appears on the above chart, while the EMA50 keeps providing the positive support to the price, which supports the continuation of the correctional bullish wave, which its next target located at 1.3574.

Therefore, the bullish bias will remain expected on the intraday basis, being aware that it is important to monitor the price behavior when reaching the targeted level, as breaching it will open the way to extend the bullish wave towards 1.3836, while the expected rise will remain valid unless breaking 1.3430 level and holding below it.

Expected trading range for today is between 1.3400 support and 1.3574 resistance.

Expected trend for today: Bullish