The USDCAD pair continues to fluctuate at the bullish channel’s support line that appears on the chart, noticing that stochastic provides positive overlapping signal now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 1.3382 areas mainly.
Therefore, we will continue to suggest the overall bullish trend unless breaking 1.3128 level and holding below it.
Expected trading range for today is between 1.3140 support and 1.3290 resistance.
Expected trend for today: Bullish