The USDCAD pair faced strong negative pressure on last Friday to attack 1.3612, but we notice that the EMA50 formed solid support that pushed the price to rebound bullishly and trade above the mentioned level now, accompanied by witnessing positive signals through stochastic on the four hours’ time frame.
Therefore, the bullish trend scenario will remain active, which its next target located at 1.3813, noting that the continuation of the expected rise requires holding above 1.3613.
The expected trading range for today is between 1.3550 support and 1.3720 resistance.
The expected trend for today: Bullish