The USDCAD price succeeded to achieve our waited target at 1.3845$ and settled near it, noticing that stochastic gains the positive momentum clearly, waiting to motivate the price to resume the expected bullish trend on the intraday and short-term basis, noting that breaching the mentioned level will extend the bullish wave to reach 1.3977$.
The EMA50 supports the suggested bullish wave, noting that breaking 1.3790$ might push the price to achieve intraday decline and test the key support 1.3690$ before any new positive attempt.
The expected trading range for today is between 1.3760$ support and 1.3900$ resistance.
Trend forecast: Bullish
Origin: Economies
