The USDCAD price couldn’t manage to confirm breaking 1.4000$ level, which consolidated well against the price, to start providing positive trades that hint heading to resume the main bullish trend again, waiting to test 1.4080$ initially, noting that breaching this level will push the price towards 1.4178$ as a next positive station.
The EMA50 supports the expected rise, which will remain valid unless breaking 1.4000$ and holding with a daily close below it.
The expected trading range for today is between 1.3970$ support and 1.4005$ resistance
Trend forecast: Bullish
Origin: Economies
