The USDCAD pair succeeded to achieve our waited target at 1.3890 and settles there, and we suggest the continuation of the rise within the bullish channel that appears on the chart to achieve additional positive targets that reach 1.4000 areas.
Therefore, the bullish trend scenario will remain active, supported by the EMA50 that carries the price from below, noting that breaking 1.3815 will stop the expected rise and push the price to turn to decline on the intraday basis.
The expected trading range for today is between 1.3820 support and 1.3960 resistance.
The expected trend for today: Bullish
Origin: Economies
