The USDCAD pair ended yesterday's trading at the correctional bullish channel's support that rises now to 1.3410, starting today with slight bearish bias in attempt to move below it, but we will depend on the mentioned daily close to continue suggesting the bullish trend in the upcoming sessions, which targets testing 1.3574 level mainly.
The EMA50 supports the suggested rise, noting that holding below 1.3410 will push the price to decline again and target 1.3310 – 1.3260 areas again.
Expected trading range for today is between 1.3350 support and 1.3500 resistance.
Expected trend for today: Bullish