The USDCAD price soared yesterday, as it surpassed the first target at 1.4350$ to reach the second waited target at 1.4460$, noticing that the price surpassed the bullish channel’s resistance line to head towards achieving more expected gains on the short-term and medium-term basis, noting that the next station reaches 1.4500$ – 1.4530$ areas.
The EMA50 keeps supporting the price from below to reinforce the expectations of continuing the rise, noting that the continuation of the bullish wave requires holding above 1.4370$.
The expected trading range for today is between 1.4380$ support and 1.4510$ resistance
Trend forecast: Bullish
Origin: Economies
