The USDCAD price rallied upwards strongly in the previous sessions to reach the thresholds of the waited target at 1.4178$, noticing that the price returns to the bullish channel again, to support the chances of continuing the bullish trend on the intraday and short-term basis, noting that our next target reaches 1.4265$.
Stochastic current negativity might slow down the suggested bullish wave, noting that breaking 1.4140$ might push the price to decline and test the key support areas around 1.4000$ before any new attempt to rise.
The expected trading range for today is between 1.4100$ support and 1.4230$ resistance
Trend forecast: Bullish
Origin: Economies
