The USDCAD price managed to breach 1.3562$ and hold above it, reinforcing the expectations of continuing the bullish trend for the upcoming period, opening the way to head towards 1.3653$ that represents our next main target.
The EMA50 keeps supporting the price from below, waiting to gather positive momentum that assist to push the price to continue the rise, noting that breaking 1.3562$ will stop the bullish wave and turn the intraday track to decline.
The expected trading range for today is between 1.3520$ support and 1.3650$ resistance.
Trend forecast: Bullish
Origin: Economies
