The USDCAD pair rallied upwards strongly yesterday, to approach our main waited target at 1.3390, waiting for more rise within the bullish channel that appears on the chart, noting that stochastic current negativity might cause some temporary sideways fluctuation before turning back to rise again.
Note that breaching the mentioned level will extend the bullish wave to reach 1.3490 areas as a next main station, while holding above 1.3315 represents initial condition to continue the expected rise.
The expected trading range for today is between 1.3310 support and 1.3450 resistance.
The expected trend for today: Bullish