The USDCAD pair returns to fluctuate at the key support 1.3128, while stochastic continues to provide the positive signals on the daily time frame, to keep the chances valid to continue the bullish trend scenario in the upcoming period, organized inside the bullish channel that appears on the chart, waiting to target 1.3382 level mainly.
We should note that breaking 1.3128 followed by 1.3050 levels will stop the expected rise and push the price to turn its intraday and short term track to decline.
Expected trading range for today is between 1.3050 support and 1.3220 resistance.
Expected trend for today: Bullish