The USDCAD price shows negative trades after the stability of 1.4178$ against the recent positive attempts, to test the key support 1.4145$, and as we mentioned yesterday, the price needs to hold above this level to keep the bullish trend scenario valid for the upcoming period, waiting to gather positive momentum that assist to push the price to breach 1.4178$ and confirm heading towards 1.4265$ as a next positive station.
The EMA50 supports the suggested bullish wave, while breaking 1.4145$ represents the key to turn to decline to achieve negative targets that might reach 1.4000$ areas.
The expected trading range for today is between 1.4100$ support and 1.4230$ resistance
Trend forecast: Bullish
Origin: Economies
