The USDCAD price breached 1.4178$ level strongly to rally upwards and confirm the continuation of the bullish trend domination on the intraday and short-term basis, organized inside the bullish channel that appears on the chart, waiting to visit 1.4265$ followed by 1.4325$ levels as next positive stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, noting that breaking 1.4178$ will stop the bullish wave and push the price to head towards the bullish channel’s support line around 1.4075$ before any new attempt to rise.
The expected trading range for today is between 1.4180$ support and 1.4310$ resistance
Trend forecast: Bullish
Origin: Economies
