USDCAD Price Analysis
Expected Scenario
The USDCAD price rallied upwards strongly yesterday to breach 1.3760$ and close the daily candlestick above it, to stop the correctional bearish scenario and head towards resuming the main bullish track, on its way to test the recently recorded top at 1.3845$ as a first station, noting that breaching it will push the price towards 1.3977 as a next main target.
Therefore, the bullish bias will be suggested for today, noting that failing to consolidate above 1.3760$ might force the price to achieve new bearish corrections on the intraday basis.
Expected Trading Range
Between 1.3720$ support and 1.3850$ resistance.
Trend Forecast: Bullish
Origin: Economies
