USDCAD Price Analysis
The USDCAD price finds difficulty in surpassing the 1.3606$ level, indicating a slight bearish bias at present.
Stochastic shows clear positive momentum, suggesting a potential for the price to resume the expected bullish trend in the upcoming period, with the next target at 1.3700$.
The EMA50 provides positive support to the price, reinforcing expectations for a rise.
If the decline continues and the price breaks below 1.3575, it may turn to decline and target 1.3505$ areas primarily.
Expected Trading Range for Today:
Support: 1.3540$
Resistance: 1.3660$
Trend Forecast: Bullish
Origin: Economies
