The USDCAD price managed to touch our waited target at 1.3960$ and settles around it, noticing that the recent trades form ascending triangle pattern that supports the chances of surpassing this level and open the way to extend the bullish wave on the intraday and short-term basis, noting that the next targets reach 1.4040$ followed by 1.4100$.
Therefore, we will continue to suggest the bullish trend unless breaking 1.3885$ followed by 1.3831$ levels and holding below them.
The expected trading range for today is between 1.3880$ support and 1.4025$ resistance
Trend forecast: Bullish
Origin: Economies
