Price Analysis for USDCAD
Expected Scenario
The USDCAD price ended yesterday with clear positivity to move away from 1.3690$ level, reinforcing the expectations of continuing the rise on the intraday and short-term basis, organized inside the bullish channel that appears on the chart, reminding you that our targets begin at 1.3760$ followed by 1.3845$.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the positive trades, reminding you that the continuation of the bullish trend requires holding above 1.3690$.
Expected Trading Range
Between 1.3680$ support and 1.3810$ resistance.
Trend Forecast: Bullish
Origin: Economies
