The USDCAD price shows new positive trades to gradually approach our waited target at 1.3977$, and continues to move near the bullish channel’s support line, while the EMA50 provides the positive support to the price.
Therefor, we will continue to suggest the bullish trend for the upcoming period, noting that breaching the mentioned level will extend the bullish wave to reach 1.4050$ as a next positive station, while the bullish trend will remain valid unless breaking 1.3885$ and holding below it.
The expected trading range for today is between 1.3870$ support and 1.4000$ resistance
Trend forecast: Bullish
Origin: Economies
