The USDCAD pair approaches testing 1.3286 level, accompanied by stochastic reach to the oversold areas’ thresholds, noticing that the EMA50 meets the mentioned level to add more strength to it.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period conditioned by the price stability above the mentioned level, reminding you that our main waited targets begin at 1.3400 and extend to go further towards 1.3565 after surpassing the previous level.
The expected trading range for today is between 1.3240 support and 1.3400 resistance.
The expected trend for today: Bullish