USDCAD Price Analysis
Expected Scenario
The USDCAD price rallied upwards strongly on last Friday to breach 1.3700$ level and return to the main bullish channel again, to head towards achieving expected positive targets in the upcoming sessions, targeting visiting 1.3845$ level initially, noting that breaching it will push the price to achieve additional gains that extend to reach 1.4000$ barrier.
Therefore, the bullish trend will be expected on the intraday and short-term basis, noting that breaking 1.3690$ will stop the positive scenario and push the price to achieve new bearish correction.
Expected Trading Range
Between 1.3700$ support and 1.3840$ resistance.
Trend Forecast: Bullish
Origin: Economies
