The USDCAD pair tests the first key support 1.3382 and moves below it now, accompanied by stochastic entering the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which gets continuous positive support by the EMA50.
The next positive target is located at 1.3500, noting that the continuation of the bearish bias and breaking 1.3320 will stop the expected rise and lead the price to turn to decline.
Expected trading range for today is between 1.3300 support and 1.3470 resistance.
Expected trend for today: Bullish