The US dollar versus the Canadian dollar succeeded in achieving our awaited target at 1.3612 and broke through to settle above it, opening the way for the continuation of the bullish trend, heading towards visiting the 1.3738 level as a next positive stop.
From here, we continue to favor the bullish trend for the upcoming period with the support of moving above SMA 50, noting that breaking 1.3449 and stability below it will put the price under negative pressure to start a descending wave targeting mainly 1.3362 areas.
>
The expected trading range for today is between 1.3530 support and 1.3720 resistance
.
expected overall trend for today: bullish
