The USDCAD price managed to breach 1.3845$ and closed the daily candlestick above it, which supports the continuation of the expected bullish trend on the intraday and short-term basis, as it returns to the main bullish channel and opens the way to head towards our next main target at 1.3977$.
Therefore, the bullish trend scenario will remain valid and active, supported by the EMA50, noting that breaking 1.3845$ followed by 1.3790$ levels might force the price to achieve some temporary bearish correction before turning back to rise again.
The expected trading range for today is between 1.3800$ support and 1.3925$ resistance.
Trend forecast: Bullish
Origin: Economies
