The USDCAD price fluctuates around 1.3900$ barrier, and managed to get rid of the negative momentum to gain the positive momentum on the four hours’ time frame, waiting to motivate the price to resume the expected bullish trend on the intraday and short-term basis, which its next target located at 1.3977$.
Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that breaking 1.3845$ will put the price under correctional bearish pressure on the intraday basis, before turning back to rise again.
The expected trading range for today is between 1.3840$ support and 1.3960$ resistance
Trend forecast: Bullish
Origin: Economies
