The USD/CAD price has surpassed the $1.3690 level, closing the daily candlestick above it. This move halts the correctional bearish scenario and signals the start of a bullish wave on an intraday basis. The initial targets are set at $1.3810, followed by $1.3845.
As a result, a bullish bias is expected for today, supported by movement above the EMA50, unless the price breaks below $1.3690 and holds there.
The expected trading range for today is between the support level of $1.3650 and the resistance level of $1.3780.
Trend Forecast: Bullish
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