The USDCAD pair resumed its positive trading to reach the thresholds of 1.3160 areas yesterday, reinforcing the expectations of continuing the bullish trend on the intraday basis, which targets 1.3286 level as a next main station.
Stochastic gets rid of its negative momentum and reaches the oversold areas to provide positive motive that we are waiting to assist to push the price to achieve more rise, reminding you that it is important to hold above 1.3050 to continue the expected bullish trend.
The expected trading range for today is between 1.3060 support and 1.3220 resistance.
The expected trend for today: Bullish