The USDCAD pair settles above the EMA50, and stochastic provides positive overlapping signal on the four hours’ time frame, which forms positive motive that we expect to assist to push the price to achieve more rise in the upcoming sessions, noting that breaching 1.3500 will confirm extending the bullish wave to reach 1.3700.
In general, we will keep our bullish overview unless breaking 1.3382 level and holding with a daily close below it.
The expected trading range for today is between 1.3400 support and 1.3560 resistance.
The expected trend for today: Bullish