The USDCAD pair is demonstrating continued stability above the 1.3680 level, with ongoing support from the EMA50. Notably, the stochastic indicator is currently providing clear positive signals.
In light of these conditions, it’s reasonable to anticipate the resumption of the expected bullish trend in the upcoming period, with potential targets at 1.3785 and, subsequently, 1.3870 levels.
It’s important to keep in mind that breaking below 1.3680 would put a halt to the suggested rise and could potentially lead to a reversal in price direction.
The expected trading range for today is likely to fall between the support at 1.3670 and the resistance at 1.3800. As things stand, the prevailing trend for today appears to be bullish.