The USDCAD price fluctuates around 1.3838$ level and finds difficulty to breach it, noticing that stochastic got rid of its negative momentum to reach the oversold areas, waiting to motivate the price to breach the mentioned level and open the way to head towards 1.3900$ as a next target.
Therefore, we will continue to suggest the bullish trend that gets good support by the EMA50 unless breaking 1.3800$ and holding below it.
The expected trading range for today is between 1.3770$ support and 1.3900$ resistance
Trend forecast: Bullish
Origin: Economies
