USDCAD Price Analysis
Expected Scenario
The USDCAD price tested the key support 1.3690$ and bounced bullishly from there, maintaining the validity and activity of the main bullish trend scenario for the upcoming period.
The bullish momentum is supported by stochastic current positivity, indicating potential for further upward movement to target 1.3845$ as the main objective.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless there is a break below 1.3690$ with a daily close below this level.
Expected Trading Range
Between 1.3690$ support and 1.3820$ resistance.
Trend Forecast: Bullish
Origin: Economies
