The USDCAD price fluctuates within sideways track and settles above 1.4200$ barrier, noticing that stochastic gets rid of its negative momentum to gain the positive momentum on the intraday time frames, waiting to motivate the price to resume the expected bullish trend on the intraday and short-term basis, which its next targets located at 1.4265$ followed by 1.4325$.
The bullish channel continues to organize the suggested bullish wave, which will remain valid conditioned by the price stability above 1.4178$.
The expected trading range for today is between 1.4170$ support and 1.4300$ resistance
Trend forecast: Bullish
Origin: Economies
