The USDCAD pair continues to decline calmly to approach testing the EMA50 that forms good intraday support line now, accompanied by witnessing clear oversold signals through stochastic, waiting to motivate the price to rise again, to keep our bullish overview that its next main target located at 1.3700.
Holding above 1.3382 is important to continue the suggested rise, as breaking it will press on the price to achieve negative targets that begin at 1.3260 and extend to 1.3128.
The expected trading range for today is between 1.3400 support and 1.3550 resistance.
The expected trend for today: Bullish