USDCAD Price Analysis
Expected Scenario
The USDCAD price provided negative trades yesterday to press on the bullish channel’s support line, starting today with new rise to move above this support again, which keeps the overall positive scenario active for the upcoming period.
Our next main target is located at 1.3845$.
Holding above 1.3690$ is important to the continuation of the bullish trend, as breaking it will push the price to achieve new bearish correction that its next target reaches 1.3590$.
Expected Trading Range
Between 1.3680$ support and 1.3810$ resistance.
Trend Forecast: Bullish
Origin: Economies
