The USDCAD price breached 1.3960$ level clearly to reach 1.4000$ barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, and the way is open to achieve our new positive targets that start at 1.4040$ followed by 1.4100$.
The EMA50 supports the expected rise, which moves inside the bullish channel that appears on the chart, noting that the continuation of the bullish wave requires holding above 1.3960$ and the most important above 1.3900$.
The expected trading range for today is between 1.3950$ support and 1.4070$ resistance
Trend forecast: Bullish
Origin: Economies
