The US dollar versus the Canadian dollar made a clear breach of 1.4015 and closed the daily candle above it, which stops the bearish corrective scenario and leads the price to start attempts to return to the main bullish path, on its way to test the 1.4264 level initially.
From here, we favor the continuation of the bullish bias during the upcoming sessions, supported by the movement above the EMA50, noting that breaking 1.4015 and holding below it again will press the price to resume the bearish corrective path.
The expected trading range for today is between 1.4050 support and 1.4220 resistance
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Expected trend for today: bullish
