The USD/CAD pair has demonstrated additional positive movements by breaking above 1.3590 and establishing itself above this level. This breach has activated a positive scenario, with the next main target at 1.3680.
The bullish bias is expected to persist today, especially with the support of trading above the EMA50. However, a break below 1.3590 could halt the positive scenario and lead the price lower towards 1.3500 initially.
The expected trading range for the day is between the support at 1.3550 and resistance at 1.3670.
Expected Trend for Today: Bullish