The USDCAD price continued to decline to test the bullish channel’s support line that appears on the chart, and prepares to build bullish wave on the intraday basis to resume the main bullish trend, motivated by stochastic positivity, waiting to head towards 1.4467$ as a first main target.
Holding above 1.4325$ is important to the continuation of the expected rise, as breaking it represents the key to turn to decline to start bearish correction that its first main target located at 1.4220$.
The expected trading range for today is between 1.4300$ support and 1.4420$ resistance
Trend forecast: Bullish
Origin: Economies
