The USDCAD price fluctuates at the bullish channel’s support line that appears on the chart, noticing that stochastic got rid of its negative momentum to approach the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target located at 1.3977$.
Holding above 1.3890$ is important to the continuation of the expected rise, as breaking it will push the price to start bearish correction that its first target located at 1.3817$.
The expected trading range for today is between 1.3870$ support and 1.3990$ resistance
Trend forecast: Bullish
Origin: Economies
