The USDCAD price provided new positive trades yesterday to move away from the bullish channel’s support line and reinforce the expectations of continuing the expected bullish trend on the intraday and short-term basis, and the way is open to achieve our waited target at 1.3977$.
The EMA50 keeps supporting the suggested bullish wave, while breaking 1.3890$ will push the price to achieve bearish correction for the bullish wave that start from 1.3420$ areas before any new positive attempt.
The expected trading range for today is between 1.3870$ support and 1.3990$ resistance
Trend forecast: Bullish
Origin: Economies
