The USDCAD pair tested the support base that was formed above the previously breached resistance that appears in the image and keeps its stability above this level, noticing that stochastic begins to provide positive overlapping signal on the four hours’ time frame, waiting for motivating the price to resume the bullish trend that its next target located at 1.3700.
Therefore, the bullish bias will remain preferred in the upcoming sessions, conditioned by holding above 1.3480 level.
The expected trading range for today is between 1.3450 support and 1.3580 resistance.
The expected trend for today: Bullish