The USDCAD pair managed to breach 1.3315 level and hold above it, which supports our bullish overview efficiently for the upcoming sessions, waiting to test 1.3382 level that represents our next main target.
Note that breaching the mentioned level will extend the pair’s gains to reach 1.3500 as a next station, while the expected rise will remain valid unless breaking 1.3295 and holding below it.
Expected trading range for today is between 1.3260 support and 1.3400 resistance.
Expected trend for today: Bullish