The USDCAD pair made new test to the intraday bullish channel’s support line and begins bouncing bullishly from there by today’s opening, getting continuous positive support by the EMA50, while stochastic shows oversold signals now.
Therefore, the bullish trend will remain suggested on the intraday basis, and the main target is represented by testing 1.3286 level, noting that breaching this level will push the price to 1.3380 as a next positive target, while holding above 1.3160 represents key condition to continue the expected rise.
The expected trading range for today is between 1.3160 support and 1.3320 resistance.
The expected trend for today: Bullish