The USD/CAD pair is currently hovering around the $1.3562 level, making efforts to maintain stability above this support, which sustains the potential for a continued bullish trend on an intraday basis. This movement is influenced by a previously completed double bottom pattern, with an initial target set at $1.3653.
Positive signals from the Stochastic indicator further support the expected rise, which remains valid as long as the price does not break below $1.3562 and hold beneath it.
The expected trading range for today is between $1.3510 support and $1.3630 resistance.
Trend Forecast: Bullish
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