The USDCAD price shows more rise to reach 1.4100$ barrier, and we expect the continuation of the bullish trend to chase the bullish channel’s resistance line that rises now to 1.4170$.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 1.4025$ will push the price to test 1.3945$ areas before any new positive attempt.
The expected trading range for today is between 1.4010$ support and 1.4150$ resistance
Trend forecast: Bullish
Origin: Economies
