The USDCAD price begins today with new positivity to move away from 1.3690$ level, noticing that the price completed forming inverted head and shoulders’ pattern that appears on the minor image, which supports the expectations of achieving positive targets that start at 1.3700$ followed by 1.3845$.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that holding above 1.3690$ represents major condition to the achieve the expected targets.
The expected trading range for today is between 1.3670$ support and 1.3800$ resistance.
Trend forecast: Bullish
Origin: Economies
