The USDCAD price settles above the bullish channel’s support line, getting good support by the EMA50, waiting to continue the rise to achieve our positive targets that start at 1.3900$ followed by 1.3977$.
Consolidating above 1.3845 is important to achieve the suggested targets, as breaking it will push the price to achieve new bearish correction before turning back to rise again.
The expected trading range for today is between 1.3800$ support and 1.3940$ resistance.
Trend forecast: Bullish
Origin: Economies
