The USDCAD price rallied upwards strongly by today’s open after the upcoming US president Trump announced that he will impose new tariffs on the Canadian goods, to return to the bullish channel and reach 1.4180 areas, on its way to continue the rise within the bullish channel that appears on the chart, noting that the next station reaches 1.4245$.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.4105$ will push the price to test the bullish channel’s support line around 1.4025$ before any new attempt to rise.
The expected trading range for today is between 1.4060$ support and 1.4190$ resistance
Trend forecast: Bullish
Origin: Economies
