The USDCAD pair ended yesterday above 1.3240 level after the strong rally that it witnessed in the recent sessions, to turn the intraday track upwards, waiting to test 1.3362 initially, and as we mentioned in our last technical update, breaching this level will push the price to 1.3500 followed by 1.3612 levels as next positive stations.
Therefore, the bullish trend will be expected in the upcoming sessions, taking into consideration that breaking 1.3240 and holding below it again will stop the suggested rise and press on the price to resume the main bearish trend.
The expected trading range for today is between 1.3240 support and 1.3390 resistance.
The expected trend for today: Bullish