The USDCAD currency pair persists in its endeavor to reenter the boundaries of the bullish channel, as prominently illustrated on the price chart. To advance further positively, a robust motivating factor is essential, facilitating additional constructive trades aimed at attaining our anticipated targets at 1.3595, followed closely by 1.3680.
As it stands, the trajectory of a bullish trend remains plausible on the intraday basis, bolstered by the supportive influence of the EMA50. It remains imperative to sustain a position above the 1.3500 level in order to realize the awaited targets.
Market participants should anticipate today’s trading range to fluctuate between the support level of 1.3485 and the resistance level of 1.3610.
Projected trend for today: Bullish