The USDCAD pair rallied upwards strongly yesterday to breach 1.3092 level and approaches 1.3180 level, to activate the bullish trend scenario on the intraday and short term basis, noting that surpassing the last level will push the price to test 1.3233 as a next station.
Therefore, the bullish bias will be suggested for today, taking into consideration that the continuation of the bullish wave depends on the price stability above 1.3092.
The expected trading range for today is between 1.3100 support and 1.3250 resistance.
The expected trend for today: Bullish