The USDCAD price shows positive trades by today’s open to attempt to reach the broken support line of the bullish channel, which turns into key resistance now at 1.4105$, as the price needs to breach this level to support the expectations of continuing the bullish trend, which its next target located at 1.4178$.
The EMA50 keeps supporting the price from below to reinforce the positive overview, noting that breaking 1.4000$ will push the price to achieve new bearish correction that its next target reaches 1.3888$.
The expected trading range for today is between 1.4020$ support and 1.4150$ resistance
Trend forecast: Bullish
Origin: Economies
