USDCAD Price Analysis
Expected Scenario
The USDCAD price tested the bullish channel’s support line again and attempts to rise. Stochastic gained positive momentum clearly, while the EMA50 provides continuous positive support to the price.
These factors encourage us to continue suggesting the bullish trend for the upcoming period, targeting 1.3845$ as the next main station. Holding above 1.3690$ is a major condition for the continuation of the expected rise.
Expected Trading Range
Between support at 1.3680$ and resistance at 1.3820$
Trend Forecast: Bullish
Origin: Economies
