USDCAD Price Analysis
Expected Scenario
The USDCAD price continues to rise to reach the thresholds of the awaited target at 1.3825$, and we expect the continuation of the bullish bias on the intraday and short-term basis to achieve additional gains that reach 1.3900$ barrier as a next main station.
Therefore, the bullish trend scenario will remain valid for the upcoming period, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that breaking 1.3760$ will put the price under temporary correctional bearish pressure before turning back to rise again.
Expected Outcome
The expected trading range for today is between 1.3750$ support and 1.3890$ resistance.
Trend Forecast: Bullish
Origin: Economies
