The USD/CAD pair rallied again yesterday to achieve our first-waited target at 1.3785 and surpassed this level to confirm the bullish trend dominance in the upcoming period. The way is open to achieving our next wait target of 1.3890.

The bullish channel continues to organize the suggested bullish wave, noting that breaking 1.3785 might push the price to test the key support base of 1.3680 before any new attempt to rise. The expected trading range for today is between 1.3760 support and 1.3900 resistance.