The USDCAD price shows additional positive trades to move away from 1.3690$ level, reinforcing the expectations of continuing the bullish trend, which its next targets located at 1.3810$ followed by 1.3845$.
Moving above the EMA50 supports the suggested positive scenario, besides stochastic getting rid of its negative momentum and heading towards the oversold areas, noting that breaking 1.3690$ will stop the positive scenario and push the price to decline again.
The expected trading range for today is between 1.3660$ support and 1.3800$ resistance.
Trend forecast: Bullish
Origin: Economies
