The USDCAD pair returns to rise after leaning on the key support 1.3050, to begin attempts to surpass the EMA50 now, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, waiting to surpass 1.3100 – 1.3130 levels to confirm heading towards 1.3286 that represents our next main target.
In general, the bullish bias will remain valid for the upcoming period unless breaking 1.3050 level and holding below it.
The expected trading range for today is between 1.3050 support and 1.3200 resistance.
The expected trend for today: Bullish