USDCAD Price Analysis
Expected Scenario
The USDCAD price settles above the main bullish channel’s support line, getting continuous positive support by the EMA50, to continue suggesting the bullish trend on the intraday and short-term basis, reminding you that our next target reaches 1.3845$.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, reminding you that it is important to hold above 1.3690$ to achieve the suggested targets.
Expected Trading Range
Between 1.3680$ support and 1.3810$ resistance.
Trend Forecast: Bullish
Origin: Economies
