The USDCAD price bounced bullishly after testing 1.3471$ in the previous sessions, to surpass the EMA50 and reinforce the expectations of continuing the intraday bullish trend, which targets 1.3562$ initially, noting that breaching it will push the price towards 1.3653$ as a next target.
On the other hand, we should note that breaking 1.3470$ will stop the bullish wave and put the price under negative pressure that its next main target reaches 1.3360$.
The expected trading range for today is between 1.3460$ support and 1.3600$ resistance.
Trend forecast: Bullish
Origin: Economies
