USDCAD Price Analysis
Expected Scenario
The USDCAD price begins today with a slight bullish bias in an attempt to resume the expected bullish trend for the upcoming period. The price is organized inside the bullish channel that appears on the chart. Stochastic overlaps positively to provide good positive momentum that supports the chances of achieving our targets that start at 1.3760$ followed by 1.3845$.
Therefore, the bullish trend scenario will remain valid and active on the intraday basis, reminding you that holding above 1.3620$ is important to achieve the suggested targets.
Expected Trading Range
Between the support at 1.3620$ and the resistance at 1.3760$
Trend Forecast: Bullish
