USDCAD Price Analysis
Expected Scenario
The USDCAD price traded with clear positivity yesterday to breach 1.3690$ and settle above it, halting the correctional bearish scenario and aiming to regain the main bullish trend. The price is targeting gains expected to start at 1.3770$ and extend to 1.3845$.
Therefore, the bullish bias will be expected for today, noting that breaking 1.3690$ again will reactivate the correctional bearish wave with its next target at 1.3590$.
Expected Trading Range
Between 1.3650$ support and 1.3780$ resistance.
Trend Forecast: Bullish
Origin: Economies
