USDCAD Price Analysis
Expected Scenario
The USDCAD price rallied upwards clearly yesterday to breach 1.3690$ and settles above it, activating the bullish wave scenario on the intraday basis.
The price is heading towards achieving gains that start at 1.3780$ followed by 1.3845$.
We expect to witness more rise in the upcoming sessions, possibly preceded by some temporary sideways fluctuation affected by stochastic negativity.
Noting that breaking 1.3690$ will stop the bullish trend and put the price under correctional bearish pressure again.
Expected Trading Range
Between 1.3690$ support and 1.3820$ resistance.
Trend Forecast: Bullish
Origin: Economies
