The USDCAD price touched 1.3562$ level, noticing that the price finds good resistance there to show some bearish bias by today’s open, and it might test the minor support 1.3512$ before turning back to rise again, as it is affected by stochastic negativity.
Consolidating above 1.3512$ supports the chances of continuing the bullish trend in the upcoming period, and the price needs to breach 1.3562$ to confirm heading towards 1.3653$ as a next positive station.
The expected trading range for today is between 1.3470$ support and 1.3595$ resistance.
Trend forecast: Bullish
Origin: Economies
