The USDCAD pair continues to rise to move away from the bullish channel’s support line, and we believe that the way is open to reach the main waited target at 1.3382, supported by the EMA50.
Stochastic current negativity might cause some temporary decline before resuming the expected rise, noting that breaking 1.3250 might push the price to test the key support 1.3128 again before any new attempt to rise.
Expected trading range for today is between 1.3250 support and 1.3382 resistance.
Expected trend for today: Bullish