The USDCAD pair declined clearly yesterday to retest the breached neckline of the double bottom pattern that appears on the chart, and the EMA50 meets this support to add more strength to it, while stochastic shows clear oversold signals.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next main target located at 1.3362, while holding above 1.3130 represents key condition to achieve it.
The expected trading range for today is between 1.3100 support and 1.3230 resistance.
The expected trend for today: Bullish