The USDCAD pair breached 1.3382 level and closed last Friday’s trading above it, which supports the continuation of our bullish overview efficiently in the upcoming period, organized inside the bullish channel that appears on the chart, supported by the EMA50 that carries the price from below.
Therefore, we are waiting for more rise on the intraday and short term basis conditioned by the price stability above 1.3345, reminding you that our next target reaches 1.3500.
Expected trading range for today is between 1.3320 support and 1.3460 resistance.
Expected trend for today: Bullish