The USDCAD pair confirmed breaching 1.3128 after closing last week above it, reinforcing the expectations of continuing the bullish trend that its next target located at 1.3382, waiting for more rise in the upcoming sessions.
The bullish channel carries the price to achieve the mentioned target, noting that the continuation of the expected rise depends on holding above 1.3128.
Expected trading range for today is between 1.3100 support and 1.3280 resistance.
Expected trend for today: Bullish